Guernsey: GFSC consults on new governance rules for licensed insurers

The Guernsey Financial Services Commission is consulting on proposed changes to its regulations, rules and codes in respect of licensed insurers: see here. Amongst other things, the Commission proposes to replace the current Licensed Insurers’ Corporate Governance Code with a new set of rules, a draft of which can be found in appendix five of the consultation paper: see here (pdf).