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Posted on October 20th, 2011
The Guernsey Financial Services Commission has issued a draft guidance note on actuarial standards and requirements to clarify the existing requirements currently in the insurance laws, regulations and in other guidance applicable to insurance licensees. Source: Guernsey Financial Services Commission Posted on April 14th, 2011
The purpose of the GFSC Finance Sector Code of Corporate Governance (“the Code”) is to provide Boards and directors of locally regulated financial services businesses with a framework for best practice of company governance. The economic and financial crisis, which came to a head in 2008-2009, triggered widespread reappraisal locally and internationally, [...] Posted on July 16th, 2010
The financial crisis has caused greater focus to be given by the international community on the financial services sectors of the smaller independent jurisdictions. A number of initiatives, including those to promote tax transparency and discourage unfair tax competition, to raise regulatory standards to prevent systemic contagion and to improve regulatory and supervisory [...] Posted on July 14th, 2010
Prior to November 2009 the Guernsey Financial Services Commission issued Business from Sensitive Sources Notices, which required enhanced customer due diligence measures to be undertaken by financial services businesses and prescribed businesses in Guernsey when taking on business or transactions from specified countries or territories. In November 2009 the Commission issued a [...] 1 pages
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