Guernsey: GFSC statement on proposed consolidation of legislation relating to its supervisory functions

The Guernsey Financial Services Commission has published a statement in respect of the proposals it published for consultation earlier this year (here, pdf) for the consolidation of the legislation relating to its supervisory functions: see here. Responses to the consultation have caused the Commission to scale back its ambitions: what is now proposed is the identification of priority areas for reform and consolidation of the kind first suggested appears unlikely.