Regulatory Alerts2025-09-22
Conflicts of Interest - Fiduciary - Thematic Review 2025
The Guernsey Financial Services Commission conducted a thematic review of fiduciary licensees to assess their identification and management of conflicts of interest. The Commission found that most licensees maintain adequate control frameworks and policies proportionate to their business complexity, though some improvements are needed in recording specific management controls. Key risks identified include role and duty conflicts arising from employees holding positions within client structures, as well as client-related disputes and financial incentives.
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