The Guernsey Financial Services Commission currently has a discussion paper circulating on Proposals to Revise the Bailiwick’s Financial Regulatory Infrastructure for Lending, Credit and Finance that, in all likelihood, will be followed in hot pursuit by a consultation paper. The purpose of the paper is; to put forward the proposal to repeal the Non-Regulated Financial […]

Last week, the U.S. Department of Justice (DOJ) unveiled new guidance to federal prosecutors about bringing criminal cases against individuals in instances of corporate wrongdoing.  The memo states that if a corporation wishes to resolve its own criminal charges and receive any credit for cooperation, it must provide the DOJ with all relevant facts relating […]

The Investment Association (IA) has published a discussion paper “Investment matters” on the meaningful disclosure of costs and charges, and a summary paper which provides an overview of this area. The aim of the discussion paper is to provide a framework for costs and charges disclosure based on a set of principles for good disclosure […]