The Guernsey Financial Services Commission (GFSC) is seeking feedback on the provisions of the draft Regulation of Fiduciaries Law in case its implementation may have unforeseen consequences.
The GFSC has published a paper which sets out the topics upon which assistance is requested and questions regarding unintended consequences and whether there are any significant issues in relation to specific provisions or proposed definitions.
As the States have already approved the policy letter submitted by the Policy Council on the revision of the financial supervisory and regulatory laws in 2015, the Commission is not seeking responses in relation to matters of policy or policy direction, as this has already been established.
The engagement period for the draft Regulation of Fiduciaries Law will run online until midnight on Friday 11 May.
|RATE THIS ARTICLE|
THIS WEEK'S TOP STORIES
PAM (Private Asset Managers) and its sister website PAMonline combine to provide "...the best guide available to the leading firms in private client fund management" (FINANCIAL TIMES). PAM compares managers on a level playing field by key data such as fees and charges, minimum investment thresholds and so on.