Regulatory Alerts2016-01-11
Fiduciary Decision Making in Respect of Assets Under Trust: Thematic Review 2015
The Guernsey Financial Services Commission issued this thematic review to assess how fiduciary licensees manage trust assets and identify sector-wide risks. The document requires trustees to implement robust strategies for diverse asset classes, maintain measurable performance benchmarks, and ensure full transparency regarding retrocessions and conflicts of interest. It highlights best practices in governance, investment oversight, and client reporting to help firms demonstrate compliance with the Code of Practice for Trust Service Providers.
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