GFSC
Statement of Guidance
88 published document(s) from Guernsey Financial Services Commission.
| Citation | Status | Summary |
|---|---|---|
| AML/CFT/CPF Guidance for DRR | In force | This is GFSC guidance explaining how individuals registered under the Bailiwick of Guernsey's director registration regime (DRR) must meet their AML/CFT/C… |
| AML/CFT/CPF Guidance for DRR (Tracked) | Status not confirmed | This is GFSC guidance (dated 15 March 2024, updating an October 2023 version) explaining how individuals registered under Guernsey's Director Registration… |
| AML/CFT/CPF Guidance for Unregistered 'Upto6' Directors | Status not confirmed | This is guidance from the Guernsey Financial Services Commission explaining how a specific category of director, those using the 'up to 6' licensing exemp… |
| Appendix H - FATF High Risk Jurisdictions Subject to a Call for Action (2022-11-16) | Status not confirmed | This is Appendix H to the GFSC Handbook, listing jurisdictions that the Financial Action Task Force (FATF) has identified as high risk and subject to a ca… |
| Appendix I - Countries That are Presenting Higher Risks | Status not confirmed | This is Appendix I to the GFSC's AML/CFT Handbook, a reference list of countries and territories identified by external sources (FATF, OECD, US State Depa… |
| Approved Qualifications - Lending, Credit and Finance Rules, 2023 | In force | This document sets out the qualifications that the Guernsey Financial Services Commission recognises as sufficient for individuals to give home finance (m… |
| Article 36 of AIFMD - Depositary Requirements Guidance Notes (November 2021) | Status not confirmed | These guidance notes explain how Article 36 of the EU's Alternative Investment Fund Managers Directive (AIFMD) interacts with Guernsey's existing regulato… |
| BSL2 General Guidance | Status not confirmed | This is guidance from the Guernsey Financial Services Commission explaining how licensed banks should complete the BSL/2 prudential return, a Basel III-co… |
| Change of Designated Person Guidance (November 2021) | Status not confirmed | This guidance from the Guernsey Financial Services Commission sets out what schemes, administrators, custodians and trustees must do when a Guernsey regul… |
| Company Formation by Fiduciary Licensees (November 2021) | Status not confirmed | This is guidance from the Guernsey Financial Services Commission explaining regulatory expectations for fiduciary licensees that offer company formation s… |
| Custodians of Open-Ended Collective Investment Schemes with Indirectly Held Assets - Guidance Note (November 2021) | Status not confirmed | This is a GFSC Guidance Note explaining how Designated Custodians (trustees/custodians) of Guernsey open-ended collective investment schemes should meet t… |
| DRR Return Guidance (Form 155 & Form 236) | Status not confirmed | This is guidance from the Guernsey Financial Services Commission's Financial Crime Division explaining how to complete two forms used under the Director R… |
| Explanatory Note regarding the surrender of the authorisation or registration of a collective investment scheme | Status not confirmed | This guidance from the Guernsey Financial Services Commission explains how the Commission approaches requests to surrender the authorisation or registrati… |
| Explanatory Note – Revision of the Private Investment Fund Rules (2025-05-19) | In force | This explanatory note accompanies the Private Investment Fund Rules, 2025, issued by the GFSC under the Protection of Investors (Bailiwick of Guernsey) La… |
| Explanatory Notes for Completion of Investment Audited Financial Statements and Compliance Returns (Licensee) – Form 142 (February 2025) | Status not confirmed | This document is GFSC guidance explaining how licensees conducting investment business should complete Form 142, the Investment Audited Financial Statemen… |
| Explanatory notes for completion of Form 141a and b | Status not confirmed | These are explanatory notes issued by the Guernsey Financial Services Commission to help designated administrators of collective investment schemes comple… |
| FAQ on Annual Fees | Status not confirmed | This FAQ from the Guernsey Financial Services Commission explains how annual fees for 2023 will be assessed, invoiced and paid. It applies to all firms li… |
| Feedback on AML/CFT On-Site Visits (July 2012) | Status not confirmed | This is a 2012 feedback paper from the Guernsey Financial Services Commission summarising themes observed during its AML/CFT on-site inspection programme… |
| Financial Crime Risk Return (Form 151) Geographic Breakdown | Status not confirmed | No extractable text (blank/binary file); nothing to summarize. |
| Financial Crime Risk Return (Form 151) Guidance | Status not confirmed | This is guidance from the GFSC's Financial Crime Division explaining how firms should complete the Financial Crime Risk Return (Form 151, the FCRR), an an… |
| Financial Crime Risk – Investment Vehicles Return (Form 152) – Guidance for Completion | Status not confirmed | This is GFSC guidance explaining how to complete the Investment Vehicles Return (Form 152), which replaces the former Intermediary Annual Return. It is co… |
| Financial Flows Return (Form 153) Guidance | In force | This is GFSC guidance explaining how to complete the Financial Flows Return (Form 153), a quarterly data return capturing the origin and destination of cl… |
| Financial Flows Return (Form 153) Statistics Spreadsheet | Status not confirmed | No extractable text (blank/binary file); nothing to summarize. |
| Fit and Proper Persons - Meeting the Criteria (February 2024) | Status not confirmed | This guidance from the Guernsey Financial Services Commission explains how it assesses whether individuals holding a supervised role meet the Fit and Prop… |
| Form 143 Explanatory Note re submission of un-audited accounts for a PIF with no auditor | Status not confirmed | This is guidance from the GFSC explaining how Designated Administrators of Private Investment Funds (PIFs) should use Form 143 to submit un-audited annual… |
| GFSC Director Registration Regime – User Document (July 2023) | In force | This is a step-by-step user guide from the GFSC explaining how individuals registered under the Director Registration Regime (DRR) should set up and use t… |
| GIFCS Standard on the Regulation of Trust and Corporate Service Providers (Version 1.2, January 2026) | Status not confirmed | This is the GIFCS (Group of International Finance Centre Supervisors) Standard on the Regulation of Trust and Corporate Service Providers, Version 1.2 (Ja… |
| Guidance Note June 2014 - Visit Trends & Observations (January 2012 - 30 March 2014) | Status not confirmed | This is a thematic Guidance Note issued by the Guernsey Financial Services Commission's Financial Crime Supervision & Policy Division, summarising trends… |
| Guidance Note for International Life and Pensions Insurers (November 2021) | Status not confirmed | This guidance note from the Guernsey Financial Services Commission sets out the ongoing regulatory expectations for insurers carrying out, or proposing to… |
| Guidance Note for Licensed Insurers on Category 6 – Non-Special Purpose Insurers | Status not confirmed | This guidance note from the Guernsey Financial Services Commission (GFSC) explains how it will assess licensed insurers or cells seeking classification as… |
| Guidance Note for Licensed Insurers on Change of Majority Shareholder Controller | Status not confirmed | This guidance note from the Guernsey Financial Services Commission sets out its expectation that licensed insurers notify the Commission in writing when a… |
| Guidance Note for Licensed Insurers on Outsourcing | Status not confirmed | This guidance note sets out the Guernsey Financial Services Commission's expectations for how licensed insurers should govern the outsourcing of material… |
| Guidance Note for Licensed Insurers on Reinsurance and Other Forms of Risk Transfer | Status not confirmed | This is a Guernsey Financial Services Commission guidance note explaining supervisory expectations for how licensed insurers should manage reinsurance and… |
| Guidance Note for Licensed Insurers on Unit Linked Pricing | Status not confirmed | This Guidance Note from the Guernsey Financial Services Commission sets out expected standards of conduct for licensed insurers in pricing units within Li… |
| Guidance Note for Licensed Insurers on the Completion and Submission of Annual Returns (November 2021) | Status not confirmed | This guidance note from the Guernsey Financial Services Commission explains how licensed insurers and their General Representatives should complete and su… |
| Guidance Note on Actuarial Requirements and Standards | In force | This guidance note explains the actuarial requirements applicable to insurance companies licensed in Guernsey under the Insurance Business (Bailiwick of G… |
| Guidance Note on Actuarial Valuations | Status not confirmed | This guidance note sets out the minimum information the Guernsey Financial Services Commission expects to see in an actuarial valuation report submitted a… |
| Guidance Note on Anti-Greenwashing | Status not confirmed | This guidance note from the Guernsey Financial Services Commission (GFSC) explains that the existing Minimum Criteria for Licensing, particularly the requ… |
| Guidance Note on Bank Auditors' Reports on Guernsey Financial Services Commission Returns Used for Prudential Purposes | Status not confirmed | This is a long-standing GFSC guidance note (originally 2008, reissued November 2021) setting out the Commission's expectations for the annual examination… |
| Guidance Note on Deterring, Preventing, Detecting, Reporting and Remedying Insurance Fraud | Status not confirmed | This guidance note from the Guernsey Financial Services Commission sets out expectations for insurers, captive insurers, insurance managers and intermedia… |
| Guidance Note on Internal Models | Status not confirmed | This guidance note from the Guernsey Financial Services Commission explains the process by which (re)insurance licensees may use an internal model, instea… |
| Guidance Note on Licensed Insurers' Own Solvency Assessment | Status not confirmed | This guidance note from the Guernsey Financial Services Commission (GFSC) explains how licensed insurers should perform the Own Risk and Solvency Assessme… |
| Guidance Note on Notifications to the Commission (January 2025) | Status not confirmed | This guidance note from the Guernsey Financial Services Commission (GFSC) sets out which routine matters licensed insurers and related parties must still… |
| Guidance Note on Producer Owned (Re)Insurance Companies | Status not confirmed | This guidance note explains how the Guernsey Financial Services Commission assesses licence applications for Producer Owned Reinsurance Companies (PORCs)… |
| Guidance Note on Special Purpose Insurers | Status not confirmed | This guidance note explains how the Guernsey Financial Services Commission (GFSC) applies the Insurance Business Rules, 2021 to Special Purpose Insurers (… |
| Guidance Note on Supervisory Ladder of Intervention | In force | This guidance note sets out the Guernsey Financial Services Commission's supervisory ladder of intervention for licensed insurers, describing how the GFSC… |
| Guidance Note on Training and Competency Schemes (November 2021) | Status not confirmed | This Guidance Note explains the GFSC's expectations for training and competency (T&C) schemes that must be maintained by investment business licensees and… |
| Guidance Note on the Independence of Managers and Trustees of Class A Collective Investment Schemes | Status not confirmed | This is a Guernsey Financial Services Commission guidance note explaining how it interprets the independence requirements for managers and trustees of Cla… |
| Guidance Note on the Outsourcing of Functions by Entities Licensed Under The Protection of Investors (Bailiwick of Guernsey) Law, 2020 | Status not confirmed | This is a guidance note from the Guernsey Financial Services Commission setting out its expectations for outsourcing arrangements entered into by entities… |
| Guidance Note on the Tokenisation of Investments and Other Assets in the Bailiwick of Guernsey (July 2026) | Status not confirmed | This is a GFSC guidance note explaining how existing Bailiwick of Guernsey investment, securities and financial crime laws apply when funds, securities or… |
| Guidance Note: Applications/Notifications in respect of Manager-Led Product (November 2021) | Status not confirmed | This Guidance Note explains the Guernsey Financial Services Commission's Manager-Led Product regime, which lets AIFMs use a single manager-led structure t… |
| Guidance Note: Unclaimed Investor Money under the Protection of Investors (Bailiwick of Guernsey) Law, 2020 | In force | This is GFSC guidance explaining regulatory expectations for how Guernsey collective investment schemes should handle Unclaimed Investor Money and Blocked… |
| Guidance Notes for Licenced Insurers on Resilience Testing (November 2021) | Status not confirmed | This is a guidance note from the Guernsey Financial Services Commission explaining when and how licensed insurers should carry out resilience testing of t… |
| Guidance for Authorised and Registered Collective Investment Schemes on Measures to Counter the Risk of Greenwashing | In force | This is GFSC guidance addressing greenwashing risk in collective investment schemes authorised or registered under the Protection of Investors (Bailiwick… |
| Guidance in Respect of Fast Track Application Process (November 2021) | Status not confirmed | This is guidance from the Guernsey Financial Services Commission explaining its fast track licensing process for entities that will provide management ser… |
| Guidance in respect of requesting disclosure derogation under FRS 103 | Status not confirmed | This guidance explains how insurance licensees under the Insurance Business (Bailiwick of Guernsey) Law can apply to the Commission for a derogation from… |
| Guidance on Disclosure under the AIR Code (2021-11) | Status not confirmed | This guidance clarifies how the Guernsey Financial Services Commission expects licensees and Authorised Insurance Representatives (AIRs) to comply with th… |
| Guidance on Liquidity Risk Management (2017, reissued November 2021) | In force | This is GFSC guidance setting out the liquidity risk management framework applicable to Guernsey incorporated banks and Guernsey branches, originally issu… |
| Guidance on Private Trust Companies (September 2025) | Status not confirmed | This is GFSC guidance clarifying how Private Trust Companies (PTCs) and Private Trust Foundations (PTFs) are treated under the Regulation of Fiduciaries,… |
| Guidance on Registered Collective Investment Schemes (November 2021) | Status not confirmed | This guidance from the Guernsey Financial Services Commission sets out how Registered Collective Investment Schemes are assessed under the Protection of I… |
| Investment Vehicles Return (Form 152) Statistics Spreadsheet | Status not confirmed | No extractable text (blank/binary file); nothing to summarize. |
| LCR Guidance (Guidance to completing the LCR module of Form LCR) | Status not confirmed | This is technical guidance published by the Guernsey Financial Services Commission explaining how banks should complete the Liquidity Coverage Ratio (LCR)… |
| LMR Guidance | Status not confirmed | This is technical guidance from the Guernsey Financial Services Commission explaining how banks should complete the Liquidity Mismatch Ratio (LMR) module… |
| Legal Risk Guidance Note for Banks | Status not confirmed | This is a guidance note issued by the Guernsey Financial Services Commission for banks operating in Guernsey, addressing legal risk as a subset of operati… |
| Managed Trust Company Relationships (November 2021) | Status not confirmed | This is a guidance note from the Guernsey Financial Services Commission explaining its regulatory expectations for managed trust company arrangements, whe… |
| Module 1 Standardised Approach to Credit Risk Guidance (Guidance to completing the Standardised Approach to Credit Risk module of BSL/2) | Status not confirmed | This is technical guidance from the Guernsey Financial Services Commission explaining how incorporated banks must complete Module 1 (Standardised Approach… |
| Module 10 Interest Rate Risk in the Banking Book Guidance | Status not confirmed | This is optional guidance issued by the Guernsey Financial Services Commission explaining how banks may complete Module 10 (Interest Rate Risk in the Bank… |
| Module 11 Leverage Ratio Guidance (Basel III) | Status not confirmed | This is technical guidance from the Guernsey Financial Services Commission explaining how locally incorporated banks should complete Module 11 (the Levera… |
| Module 2 Simplified Standardised Approach to Credit Risk Guidance | Status not confirmed | This is GFSC guidance explaining how Guernsey licensed banks should complete Module 2 (the Simplified Standardised Approach to Credit Risk section) of the… |
| Module 3 Operational Risk Guidance | Status not confirmed | This is Guernsey Financial Services Commission guidance explaining how banking subsidiaries licensed in the Bailiwick of Guernsey should complete the Oper… |
| Module 4 Market Risk Guidance | Status not confirmed | This is guidance from the Guernsey Financial Services Commission explaining how Guernsey banks should complete Module 4 of the BSL/2 return, which covers… |
| Module 5 Settlement Risk Guidance | Status not confirmed | This is technical guidance from the Guernsey Financial Services Commission explaining how banks should complete the Settlement Risk module (Module 5) of t… |
| Module 6 Balance Sheet Guidance (Guidance to completing the Balance Sheet module of BSL/2) | Status not confirmed | This is detailed technical guidance from the Guernsey Financial Services Commission explaining how banks must complete the Balance Sheet module (Module 6)… |
| Module 7 - Guidance to completing the Individual Capital Guidance module of BSL/2 (Basel III) | Status not confirmed | This is technical guidance explaining how banks should complete Module 7 (Individual Capital Guidance) of the BSL/2 Basel III prudential return. It walks… |
| Module 8 Prudential Information Guidance | Status not confirmed | This is detailed guidance from the Guernsey Financial Services Commission explaining how banks should complete Module 8 (Prudential Information) of the BS… |
| Module 9 - Maturity Analysis Guidance (Guidance to completing the Maturity Analysis module of BSL/2) | Status not confirmed | This is GFSC guidance explaining how banks should complete the Maturity Analysis section (Module 9) of the BSL/2 banking return. It sets out general princ… |
| NSFR Guidance | Status not confirmed | This document is technical guidance from the Guernsey Financial Services Commission explaining how banks should complete the Net Stable Funding Ratio (NSF… |
| Outsourcing Risk Guidance Note for Banks | Status not confirmed | This guidance note sets out the GFSC's expectations for how licensed banks manage risks arising from outsourcing arrangements. It is based on CEBS Guideli… |
| Pillar 2 Add-on Guidance | Status not confirmed | This guidance from the Guernsey Financial Services Commission explains how the Pillar 2 add-on operates alongside Pillar 1 and the Capital Conservation Bu… |
| Pillar 2 Working Sheet | Status not confirmed | No extractable text (blank/binary file); nothing to summarize. |
| Prescribed Business Return (Form 154) Guidance | Status not confirmed | This is GFSC guidance explaining how prescribed businesses (accountants, lawyers and estate agents supervised under the Bailiwick's financial crime regime… |
| Pricing Controls in respect of Open-Ended Collective Investment Schemes (November 2021) | Status not confirmed | This Guidance Note sets out the pricing controls and checks that the Guernsey Financial Services Commission expects Managers and Trustees of open ended Co… |
| Private Investment Fund Guidance Note (May 2025) | Status not confirmed | This guidance note from the Guernsey Financial Services Commission (GFSC) explains how Designated Administrators and other Guernsey licensed service provi… |
| Provision of Registered Office Services by Unregulated Persons | Status not confirmed | This guidance from the Guernsey Financial Services Commission clarifies that providing a registered office on behalf of others, by way of business, is a r… |
| Qualifying Investor Funds (QIF) Guidance Note | Status not confirmed | This guidance note from the Guernsey Financial Services Commission (GFSC) explains how Qualifying Investor Funds (QIFs) operate under the Protection of In… |
| Recognised Investment Exchanges and the Commission's Position in Respect of the United Kingdom | In force | This is a short interpretive notice in which the Guernsee Financial Services Commission confirms how the term recognised investment exchange should be und… |
| Requirements for Individuals Acting as a Director | Status not confirmed | This GFSC guidance explains when acting as a company director in or from within the Bailiwick of Guernsey is a regulated activity under the Regulation of… |
| Risk Based Supervision in Guernsey (Version 1.0, February 2016) | Status not confirmed | This is explanatory guidance from the Guernsey Financial Services Commission describing its risk based supervisory framework, PRISM (Probability Risk and… |