Special Investment Business Update - Spring 1999

GUERNSEY REGULATION PASSES TEST OF UK REVIEW

Suggestions made by Mr Edwards (pictured right) in his report for changes to Guernsey's regulatory and legislative framework are being studied by special working groups set up by the banking, insurance, investment and fiduciary divisions of the Commission. Their investigations, along with the conclusions of the Commission, will be reported to a coordinating group established by the States of Guernsey Advisory and Finance Committee to oversee issues raised by the report. Membership of the group includes representatives of the Island Government along with Mr Peter Crook, the Commission's Director General, together with one of the Crown Officers.