Regulatory Alerts2025-05-16
Discussion Paper on Proposals to Create a Single Fiduciary Handbook and Revise Pension Rules (March 2019)
The Guernsey Financial Services Commission issued this Discussion Paper on 5 March 2019 to propose creating a single Fiduciary Handbook that consolidates current Codes of Practice and pension conduct rules to enhance regulatory clarity and compliance with international standards. The proposals include introducing specific rules for client money, outsourcing, and terms of business, while removing the dual regulatory burden for pension licensees by absorbing conduct requirements into the new handbook. The Commission seeks feedback on these structural and substantive changes by 30 April 2019, with a view to issuing a detailed Consultation Paper later in the year.
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