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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.

Guernsey has won Citywealth’s Gold Award for International Finance Centre of the Year. The award was presented at the International Finance Centre Award’s ceremony in London on 24 January 2023. Guernsey Finance’s Chief Executive, Rupert Pleasant, said he was absolutely thrilled that the island has won such a prestigious award.

A new fund administration business, Core Fund Services (Guernsey) Limited, has chosen Guernsey as its domicile. The establishment of this new provider for the investment funds industry adds yet another to Guernsey’s strong offering of administrators. “I’m excited to announce that Core Fund Services (Guernsey) Limited is now open for business,” said Core Fund Services (Guernsey) Limited CEO, Martin Scott.

Guernsey was represented at COP15 in Montreal in December 2022. Director General of the Guernsey Financial Services Commission, William Mason, and Commission Staff Officer, Tiffany Moeller, share their thoughts on the conference. Despite the corresponding UN Conventions being opened for signatures at the same time, at the Earth Summit in 1992, climate change has since become a mainstream topic.

Guernsey was represented at COP15 in Montreal in December 2022. Director General of the Guernsey Financial Services Commission, William Mason, and Commission Staff Officer, Tiffany Moeller, share their thoughts on the conference. Despite the corresponding UN Conventions being opened for signatures at the same time, at the Earth Summit in 1992, climate change has since become a mainstream topic.