Director Registration Regime Application Form

Summary

This is the application form (Part 1 of a 2 part process) used by individuals who rely on the six directorship exemption under section 3(1)(g) of the Fiduciaries Law to register with the Guernsey Financial Services Commission, as required by Schedule 5 of the Proceeds of Crime Law. It collects personal details and a signed declaration, and must be submitted alongside a registration fee before the applicant completes Part 2 via the Commission's Online Submissions portal.

• Who must use it: Individuals acting as director of up to six companies who rely on the six directorship exemption and are not otherwise exempt under paragraphs 1(2) and 1(3) of Schedule 5 to the Proceeds of Crime Law.
• Two part process: Part 1 is this form, emailed to authorisations@gfsc.gg with the registration fee paid by BACS/bank transfer; Part 2 is completed online once Part 1 is processed; registration is only complete once both parts are submitted and the Commission confirms registration.
• Declaration: The applicant declares the information is complete and correct, undertakes to notify the Commission of changes, and acknowledges offences under Paragraph 10 of Schedule 5 for false or misleading statements or documents.
• Ongoing notification duty: Registered individuals must notify the Commission of changes to Section A information before the change (or promptly after, if sudden/unexpected), including via the annual return validation process, per Paragraph 3 of Schedule 5.
• Penalties: Contravention of Schedule 5 requirements is an offence carrying up to five years' imprisonment and/or a fine on indictment, or up to six months' imprisonment and/or a level 5 fine on summary conviction.

The form itself does not state specific fee amounts or numeric deadlines; it references a registration fee (amount available via the linked webpage/fee schedule) and an annual fee, plus a periodic (annual) validation return, without specifying exact dates.

Key obligations

• Individuals relying on the six directorship exemption must register with the GFSC by submitting this completed Part 1 form together with payment of the registration fee, then completing Part 2 via the Online Submissions portal
• Registrants must pay an annual fee and periodically validate their registration information (including via an annual return)
• Registrants must notify the Commission of any changes to the personal details given in Section A, before the change where possible, or promptly after if the change is sudden or unexpected
• Applicants must ensure all information and documents provided are true, complete and not false, deceptive or misleading, as false statements constitute an offence under Paragraph 10 of Schedule 5

Applies to

individuals acting as directors under the six directorship exemption, persons registrable under Schedule 5 of the Proceeds of Crime Law

Deadlines

• prior to making such a change, or promptly after if sudden or unexpected: Notification to the Commission of changes to registered personal details (Section A) per Paragraph 3 of Schedule 5
• annual: Payment of annual fee and validation of registration information via annual return