The GFSC revised the enforcement process after Royal Court feedback and operational experience.
25/09/2025
Considering feedback received from the Royal Court and operational experience of enforcement matters, the Guernsey Commission has revised and updated certain key documents relating to the enforcement process:
- An updated GUERNSEY FINANCIAL SERVICES COMMISSION INVESTIGATION AND DECISION-MAKING PROCESS RELATING TO THE USE OF ENFORCEMENT POWERS
- This Explanatory Note is intended to inform the way in which the Guernsey Financial Services Commission (the “Commission”) approaches the exercise of its statutory powers that involve the exercise of the Commission’s Enforcement Powers.
- The Explanatory Note does not hold the force of law. Each case will be considered on its own merits and in accordance with the requirements of the Financial Services Business (Enforcement Powers) (Bailiwick of Guernsey) Law, 2020.
- While it will generally be followed, in exceptional circumstances, the Commission may depart from the process described in this document.
- The objective of this document is to enable those affected to understand where they are in the process.
- To that end, as far as possible, the Commission will make sure to let those affected know when the process described here is being applied, and when significant departures from it occur.
- Explanatory Note on the Investigation and Decision-Making Process in Relation to the Use of Enforcement Powers;
- An updated EXPLANATORY NOTE ON THE COMMISSION’S GENERAL APPROACH TO ENFORCEMENT AND ENFORCEMENT MEASURES
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.