Regulatory Alerts2025-05-16
Registration of Non-Regulated Financial Services Businesses (Bailiwick of Guernsey) Law, 2008
The States of Guernsey enacted this law to mandate the registration of non-regulated financial services businesses with the Guernsey Financial Services Commission. The legislation establishes detailed procedures for application, grant, suspension, and revocation of registration, while defining specific exemptions for businesses with low turnover or ancillary activities. It further empowers the Commission to conduct investigations, impose conditions, and enforce compliance through penalties and disqualification orders to protect the public and the Bailiwick's reputation.
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