Draft Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2018

Overview

On 30 October 2015, the States of Deliberation approved the Policy Letter submitted by the Policy Council on the Revision of the Financial Supervisory and Regulatory Laws.  Representatives of the States of Alderney and the Chief Pleas of Sark had previously indicated their support for the proposals which followed a public consultation process. The Law Officers of the Crown together with the Commission and with the assistance of members of industry, have produced the draft Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2018 ("the draft Regulation of Fiduciaries Law”).

The Commission is now seeking feedback and assistance specifically on whether the provisions of the draft Regulation of Fiduciaries Law may have any unintended consequences or fatal flaws. 

Feedback is sought no later than Friday, 11 May 2018.