Treating Customers Fairly – who wouldn’t?
A core principle of financial services regulation and indeed the very foundation that trust between client and service provider is based is that of acting fairly and in the client’s interest.
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The trials and tribulations of relocating during a global pandemic.
Lezanne Kretschmer, our recently appointed Head of Company Secretarial Services, shares a personal account and anecdotes of what to expect and what it takes to relocate during a global pandemic.
Compliance Transformation – more than rules and laws!
Horizon scanning, taking into account future developments, known and indeed unknown, is a key expectation of regulators when it comes to their requirements of compliance functions. But what if that horizon includes big changes to the methods of your compliance oversight itself?
Reporting Suspicion
On 15th July 2021, the Commission issued its report on the thematic review on the reporting of suspicion of money laundering or terrorist financing. The thematic review comes after the Commission identified that some firms did not have effective policies, procedures and controls for the timely reporting of suspicion through their supervision process.
Learning with GAT members
Our joint chair, Peter Mills has been sharing his insights into Conflicts of Interest and indulged in a little horizon scanning in the governance world with members of the Guernsey Association of Trustees at their AGM.
Not another addition to the burgeoning agenda template.
Climate Change, The Greta Effect, Fridays for Future, ESG, PRI, SFDR, TCFD and Greenwashing are just a few of the hot and getting hotter (unfortunate but necessary word choice for obvious reasons) topics which directors now need to take heed of.
Conflicts of Interest – uppermost in the minds of regulators!
Most board meetings start with a ‘Declaration of Conflicts” but how often do you nod them through, rather than stop and think about the wider impact the management of conflicts has on your day to day business? Regulators certainly pay increasing attention to them.
Insurance – Navigating the hard market
The annual process of renewing Professional Indemnity (PI) and Directors and Officers (D&O) Insurance covers is a necessary process which will be familiar to all local financial services businesses.
Recent changes to the Companies (Guernsey) Law, 2008.
Lezanne Kretschmer, newly appointed Head of Company Secretarial Services at Aspida Group, highlights some of the key changes made recently to the Guernsey Companies Law
