ARTICLE · 12 MARCH 2012

Code Of Corporate Governance Goes Live In Guernsey

Collas Crill

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Collas Crill

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Guernsey’s much discussed Code of Corporate Governance came into effect on 1 January 2012.

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Guernsey's much discussed Code of Corporate Governance came into effect on 1 January 2012.

In addition to applying to all companies licensed by the Guernsey Financial Services Commission (including Guernsey investment managers, administrators and custodians), the Code will apply to Guernsey authorized and registered collective investment schemes.

The GFSC have repeatedly acknowledge that the Code is not intended to be prescriptive that the Code's application to a business will depend on the nature, scale and complexity of that business.

To that end, for those concerned with the corporate governance of funds themselves and related entities, appendix 1 of the Code provides additional more specific guidance.

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