Regulatory Alerts2021-10-21
Guidance Note on Notifications to the Commission
The Guernsey Financial Services Commission issued this January 2025 guidance to streamline administrative processes by reducing routine acknowledgments and referrals for specific notifications under the Insurance Business Law. The document clarifies that approvals are not required for changes in auditors, year-ends, dividend payments, custodian appointments, and certain alternate director roles, while defining material changes to business plans that must be notified. Licensees are reminded that they remain responsible for legal compliance and that the absence of a Commission response to any notification does not constitute approval of the matter.
Share