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Guernsey seeks assistance in fine tuning Regulation of Fiduciaries Law

26/03/2018 News Team

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.

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