Revision of Laws Definitions For Engagement

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 a draft Protection of Investors Bailiwick of Guernsey) Law, 2018 (the “Protection of Investors Law”).  The most of the amended definitions set out in the Protection of Investors Law, will be replicated, some with necessary amendments, across the remaining Supervisory Laws.

The Commission is now seeking feedback specifically on whether the definitions contained in the Supervisory Laws may have any unintended consequences or fatal flaws. 

Responses are sought by no later than 30 June 2018.