Regulatory Alerts2020-11-23
Guernsey Financial Services Commission Principles of Conduct of Finance Business
The Guernsey Financial Services Commission issued the Principles of Conduct of Finance Business to establish mandatory standards for financial institutions operating in its jurisdiction. These principles require institutions to maintain integrity, exercise due skill and care, manage conflicts of interest, and safeguard customer assets while ensuring adequate financial resources and internal controls. Furthermore, the document mandates transparent communication with clients, adherence to market practices, and open cooperation with the Commission regarding regulatory matters.
Share