Bailiwick Mind and Management Consultation Paper

Closed 21 Mar 2022

Opened 7 Feb 2022

Overview

Bailiwick Substantial Mind and Management

The Protection of Investors (Bailiwick of Guernsey) Law, 2020

The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020 (together “the Supervisory Laws”)

The purpose of this Consultation Paper is to seek feedback from all interested parties on proposals to issue guidance under the Supervisory Laws. The proposed guidance seeks to clarify that, in line with the current practice of the Commission, maintenance of local mind and management is a relevant factor in the Commission’s assessment of the prudent conduct of business of a licensee.

What happens next

This Consultation will be open for a period of 6 weeks, with a closing date for responses of 21 March 2022.

Following the consultation period, the Commission will collate and consider responses provided and feedback will be issued.

 

Audiences

  • Anyone from any background