Regulatory Alerts2020-11-23
Guernsey Financial Services Commission Statement of Policy on Interviews June 2022
The Guernsey Financial Services Commission issued this statement to define its policy for conducting interviews under Section 11 of the Financial Services Business (Enforcement Powers) Law, 2020. It establishes procedures for assisting requesting authorities, including criteria for granting access to representatives, the distinction between voluntary and statutory interviews, and strict controls on interview duration and conduct. The document mandates written warnings for statutory interviews, outlines rights to legal representation and translation, and specifies how records and transcripts are managed and shared with all parties involved.
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