Regulatory Alerts2025-05-16
Lending, Credit & Finance Consultation Paper (July 2017)
The Guernsey Financial Services Commission proposes a new Lending, Credit & Finance Law to replace the NRFSB Law, establishing a regulatory framework for consumer protection, AML/CFT compliance, and alternative financial services. The framework introduces three distinct classes of licensees to regulate lending activities, crowdfunding, and matchmaking platforms, addressing identified consumer vulnerabilities and unscrupulous lending practices. This consultation seeks feedback on the proposed legislative structure, licensing criteria, and conduct principles to foster a stable and innovative financial services environment in Guernsey.
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