Guernsey – Sensitive Sector Changes to Banking Supervision Laws

Guernsey – Sensitive Sector Changes to Banking Supervision Laws

On 19 October 2021, GUE GFSC issued an update on banking supervision laws.

  • GUE GFSC published a consolidated version of Banking Supervision (Bailiwick Of Guernsey) Law 1994, including details of amendments made to the 1994 law.
  • Changes definition of "Shareholder Controller", addressing applicable thresholds for protected cell companies (PCC)

Effective

  • These changes become effective 1 November 2021.