Lending, Credit and Finance Law to provide credible platform for fintech businesses
Guernsey’s new Lending, Credit and Finance Law, which comes into effect this summer, will provide a credible platform on which fintech businesses can be launched from Guernsey.
The Guernsey Financial Services Commission (GFSC) has published a feedback paper following a consultation.
A number of changes were made to the draft Rules and Guidance, designed to strike a balance between proportionate regulation and the protection of customers without unduly restricting the market and maintaining access to services from a variety of providers.