The Guernsey Financial Services Commission has published its 2025 Annual Report and Financial Statements, setting out a year of regulatory delivery, policy reform and technology investment. The report says the Commission focused on maintaining Guernsey’s regulatory framework while supporting innovation, competitiveness and resilience across the financial services sector. Key developments included completion of the Applications & Authorisations Portal, through which more than 220 applications had been received by year end, and the launch of the Digital Finance Initiative with industry through the Digital Forum. Policy work covered streamlining and enhancing the Private Investment Fund regime, updating the Prospectus Rules and Guidance, issuing feedback on sustainability reporting, and introducing a regulatory framework for equity release products. The report also says the sector remained stable, supported by demand for investment funds and other investment and insurance entities, while technological change including artificial intelligence created opportunities alongside rising cyber security and geopolitical risks.