The Guernsey Financial Services Commission (GFSC) recently released final versions of its amended rules, codes and guidance as a result of the completion of its Revision of Laws project, which means all supervised firms need to assess the impact on their businesses. Here we consider the impact on investment and fiduciary licensees.

The Revision of Laws project was originally launched when the GFSC published a discussion paper in November 2014. The project was intended to introduce standardisation within the various supervisory laws and bring them in line with internat...