Guernsey Financial Services Commission

Guernsey Financial Services Commission (GFSC) is a regulatory authority that oversees the financial services sector in Guernsey. They aim to ensure the stability and integrity of the financial system while protecting consumers and promoting economic growth. GFSC regulates a wide range of entities, including banks, insurance companies, investment firms, fiduciaries, and prescribed businesses.

They provide authorizations and registration for these entities, ensuring that they meet the necessary standards and comply with regulatory requirements. In addition to regulatory oversight, GFSC offers various services to the industry. They provide guidance and support to new applicants, helping them navigate the application process.

They also conduct ongoing supervision of regulated entities, monitoring their activities and ensuring compliance. GFSC is committed to maintaining transparency and accountability. They publish annual reports, issue public statements, and make regulatory decisions available to the public.

They also operate a whistleblowing program to encourage the reporting of misconduct within the industry. Overall, GFSC plays a vital role in promoting the soundness and stability of Guernsey's financial services sector, supporting both industry growth and consumer protection