Regulatory Alerts2025-09-29
Guidance Note on Supervisory Ladder of Intervention
The Guernsey Financial Services Commission issues this guidance to define a four-stage supervisory ladder for licensed insurers based on capital resources relative to the Prudential Capital Requirement. The framework escalates from routine monitoring in normal operations to mandatory recovery plans, business restrictions, and external audits as solvency risks increase. In the final stage where capital falls below the Minimum Capital Requirement, the regulator may enforce immediate remedial actions, wind up the entity, or pursue individual accountability for directors and controllers.
Share