The Market Authority, in conjunction with the Rules Committee of the CISX Board, has completed a review of the CISX Listing Rules. A number of amendments have been made which take account of practical matters which the Exchange have experienced since the Listing Rules were last amended in mid-2007. The revised Listing Rules will come […]

Guernsey’s Qualified recognised overseas pension scheme providers are banding together to create a code of conduct to help prevent unscrupulous providers set up the island. The code of conduct which is expected to be in place by June will be led by a technical committee formed of service providers, the Guernsey Financial Services Commission and […]

on March 9th the GFSC advsied Financial services businesses that they must exercise a greater degree of caution when taking on business from the countries or territories specified in its Instruction (listed below). Additionally, financial services businesses must ensure enhanced customer due diligence measures are undertaken and special attention given to all existing and new […]

Strong industry opposition emerged to a draft code of corporate governance for Guernsey’s financial services sector. At the latest Institute of Directors winter series of seminars, which was covering the responsibilities of directors, discussion turned to what members of the finance and legal communities made of the code, which closed for consultation earlier this month. […]

Amendments to the legislation in respect of money laundering and terrorist financing. In May of next year the Bailiwick’s legal regime in respect of anti-money laundering (“AML”) and countering terrorist financing (“CFT”) will be evaluated by the International Monetary Fund (“IMF”). This evaluation will assess the Bailiwick’s compliance with the recommendations of the Financial Action […]

Amendments to the legislation in respect of money laundering and terrorist financing. In May of next year the Bailiwick’s legal regime in respect of anti-money laundering (“AML”) and countering terrorist financing (“CFT”) will be evaluated by the International Monetary Fund (“IMF”). This evaluation will assess the Bailiwick’s compliance with the recommendations of the Financial Action […]

The Commission is currently consulting on proposed changes to its AML/CFT legislation. The changes will require postage stamp dealers, bullion dealers, firms of accountants which are currently not registered with the Commission and firms (including sole practitioners) of insolvency practitioners, auditors and tax advisers to register with the Commission and to comply with the AML/CFT […]

GFSC Public statement relating to the person known as Ms Pippa Marie Harbour of Shoreham Lodge, La Rue des Varendes, Castel, Guernsey GY5 7RF On 22 October 2009 the Guernsey Financial Services Commission (“the Commission”) decided: 1. To make prohibition orders under the Protection of Investors Law, the Banking Law, the Fiduciary Law and the […]