Regulatory Alerts2024-12-17
Regulated Investment Exchange Operator Rules and Guidance, 2024
The Guernsey Financial Services Commission issued the Regulated Investment Exchange Operator Rules, 2024, which replace the 1998 Notification Rules to regulate persons licensed to operate investment exchanges. The document mandates strict corporate governance, compliance arrangements, and senior management responsibilities, including the appointment of a resident compliance officer and adherence to the Finance Sector Code of Corporate Governance. It further establishes comprehensive requirements for conduct of business, conflict of interest management, prudential standards, client money protection, and market surveillance to ensure fair and transparent trading.
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