Regulatory

The Guernsey Financial Services Commission (GFSC) was formed in 1987 and is the regulatory body for the finance industry in the Bailiwick of Guernsey. It seeks to secure good regulatory outcomes, thereby generating confidence in the Bailiwick as a jurisdiction.

It is an independent public body funded entirely by the licensees that it regulates by charging them fees. It is accountable to the States of Guernsey which is responsible for the Bailiwick's financial services industry and for establishing the regulatory regime.

The Commission supervises and regulates over 2,000 licensees from within the banking, fiduciary, insurance, and investment sectors. It does this in accordance with standards set by international bodies such as the Basel Committee for Banking Supervision, the International Organization of Securities Commissions and the Financial Action Task Force on Money Laundering.

All insurance and other financial legislation, news and guidance can be found on the GFSC's website at www.gfsc.gg.