Lessons For Directors Arising From Recent Commission Enforcement Actions

In the 27 years between 1987 and September 2014 the Guernsey Financial Services Commission issued five public statements and prohibited four persons from performing functions under the relevant regulatory laws. In contrast, between September 2014 and December 2016 the Commission issued 11 public statements and prohibited 12 persons from performing functions under the relevant regulatory laws.

Lessons for directors arising from recent commission enforcement actions

This briefing note:

• explains why there has been such an increase in enforcement actions in recent years; and
• summarises the lessons directors can learn from the Commission's recent enforcement actions.

September 2014