Guernsey’s five principal Laws are approved by States of Deliberation

The States of Deliberation in Guernsey have now approved the necessary Ordinances to bring into effect the revision of the five principal Laws dealing with the regulation of financial services business in the Bailiwick.

The passing of the commencement ordinances means that the following regulatory laws will come into effect on 1 November 2021:

  • The Protection of Investors (Bailiwick of Guernsey) Law, 2020;
  • The Banking Supervision (Bailiwick of Guernsey) Law, 2020
  • The Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2020
  • The amendments to the Insurance Business (Bailiwick of Guernsey) Law, 2002 and
  • The amendments to the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002

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