Rule · GFSC · 25 Jul 2022
The Commission confirms that investment exchanges recognised under United Kingdom law automatically qualify as recognised investment exchanges for designated Guernsey regulatory purposes. This alignment satisfies compliance requirements under the Protection of Investors (Bailiwick of Guernsey) Law 2020, the Licensees (Conduct of Business) Rules 2021, and the Companies (Guernsey) Law 2008. Consequently, regulated entities may treat UK-recognised exchanges as fully compliant without pursuing separate local recognition.
Recognised Investment Exchanges and the Commission’s position in respect of the United Kingdom Pursuant to sub-section (c) of the definition of “recognised investment exchange” at Section 79 (1) of the Protection of Investors (Bailiwick of Guernsey) Law, 2020, the Commission confirms that, for the purposes of:
Section 4 (b) of Schedule 3 to The Protection of Investors (Bailiwick of Guernsey) Law, 2020;
3.1(3)(f) of The Licensees (Conduct of Business) Rules, 2021; and
Section 316. (3) of The Companies (Guernsey) Law, 2008
an investment exchange which is situate in, and is recognised as an investment exchange within the meaning of the law relating to investment exchanges of the United Kingdom, is a recognised investment exchange.
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
RegAlert holds no document that amends or replaces this one. This is not a check that it is in force: confirm with the regulator.
“Pursuant to sub-section (c) of the definition of “recognised investment exchange” at Section 79 (1) of the Protection of Investors (Bailiwick of Guernsey) Law, 2020”
More like this from GFSC
We email you every new GFSC publication the day it's published.
Source: Guernsey Financial Services Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
In RegAlert: added · updated