Regulatory Alerts2026-01-19
The Lending, Credit and Finance Rules and Guidance, 2023
The Guernsey Financial Services Commission issued the consolidated Lending, Credit and Finance Rules, 2023 to regulate licensees under the Lending, Credit and Finance Law, 2022. The document mandates strict corporate governance, effective management, and conduct of business standards, including requirements for resident directors, conflict of interest policies, and fair customer treatment. It further establishes prudential requirements, licensing obligations for various financial activities, and specific consumer protections such as equity release codes and unfair agreement term prohibitions.
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