Regulatory Alerts2025-05-16
The Fiduciary Rules and Guidance 2020
The Guernsey Financial Services Commission issued the Fiduciary Rules 2020 to consolidate and replace multiple prior codes of practice and rules governing licensed fiduciaries. These Rules establish comprehensive standards for corporate governance, conduct of business, and prudential requirements, mandating effective management, conflict of interest policies, and strict financial reporting. The regulations aim to ensure integrity and the best interests of clients while maintaining Guernsey's reputation as a robust international finance centre.
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