The Guernsey Financial Services Commission published two thematic reports reviewing the management of conflicts of interest across the investment and fiduciary sectors. It found that, in general, firms appropriately identify, manage and record conflicts that arise in the course of business. The reviews note that firms commonly use a combination of policies, procedures and periodic training, and highlight positive examples where firms record the specific controls implemented to manage each conflict. The Commission encouraged all firms to consider the relevant report, including the “areas to consider” and the appendix listing types of conflicts to assess when reviewing, updating or revising their policies, procedures and controls.
Guernsey Financial Services Commission 2025-09-22
Guernsey Financial Services Commission publishes thematic reports on conflicts of interest in investment and fiduciary sectors
The Guernsey Financial Services Commission released two thematic reports on conflict of interest management in the investment and fiduciary sectors, finding that firms generally handle conflicts appropriately. The reports commend firms for using policies, procedures, and training, and urge them to review the reports for guidance on improving their practices.