The Commission has issued today a Consultation Paper seeking views from interested parties on proposed Cyber Security Rules and an accompanying Guidance Note for all licenced entities under the various supervisory laws. A copy of
Mrs Deborah Anne Ellis
On the 20 August 2020 the Commission imposed a discretionary financial penalty of £14,000 on Deborah Anne Ellis and prohibited her from holding the position of director, controller, partner or manager for a period of 1 year and 5 months. The exemption set out in section 3(1)(g) of the Fiduciaries Law (which would otherwise permit Mrs Ellis to act as a director of not more than six companies) has also been dis-applied for the same period, as a result of her failure to meet the Minimum Criteria for Licensing as set out in Schedule 1 to The Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000.
More details to follow in due course.
For a full list of GFSC prohibitions please click here.
To view this notification in full, please click here.
Consultation Paper on Guidance for Custodians of Open-ended Collective Investment Schemes with Indirectly Held Assets
The Commission has issued a Consultation Paper seeking views from interested parties on a proposed Guidance Note for Custodians of open-ended collective investment schemes made under the Protection of Investors (Bailiwick of Guernsey) Law, 1987