Regulatory Alerts2025-05-08
Guidance Note on Unclaimed Investor Money under the Protection of Investors (Bailiwick of Guernsey) Law, 2020
The Guernsey Financial Services Commission issued this guidance note to establish regulatory expectations for collective investment schemes regarding the management of unclaimed investor money. It requires schemes to implement a documented policy approved by the Scheme Board that identifies a responsible entity, defines contact efforts with a minimum six-year timeframe, and ensures appropriate disclosure to investors. The guidance also mandates the allocation of administrative costs and outlines specific procedures for handling blocked investor money and unclaimed funds during scheme liquidation.
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