Channel Eye brings you a summary of the regulatory changes across the islands, for the month of August 2026.
- JFSC – Jersey Financial Services Commission
- GFSC – Guernsey Financial Services Commission
- Isle of Man Financial Services Authority
JFSC – Jersey Financial Services Commission
- 3 August 2026 – Final Basel III prudential rules published
JFSC published its final Basel III prudential rules for Jersey banks following consultation with industry. The new requirements will take effect from 1 July 2027, with industry feedback resulting in minor amendments and clarifications to the final framework. [Read more]
GFSC – Guernsey Financial Services Commission
- 19 August 2026 – Investment: Ceiba Investments Limited (in administration management) (“the Company”)
GFSC announced that the Royal Court had appointed Matthew Wright and Sophie Smith of Leonard Curtis C.I. Limited as Joint Administration Managers of Ceiba Investments Limited following an application by the Commission. [Read more] - 14 August 2026 – Insurance: The Commission welcomes NAIC announcement of Guernsey’s application for Qualified Jurisdiction status
GFSC welcomed the National Association of Insurance Commissioners’ announcement of Guernsey’s application for Qualified Jurisdiction status, which could improve the terms on which Guernsey insurers write business into US states and support growth in the Island’s insurance sector. [Read more] - 14 August 2026 – General: Commission enhances website to improve access to information
GFSC announced changes to its website designed to make current and archived regulatory information easier to distinguish, including clearer archive markings, improved metadata and links to replacement publications, with the changes also intended to improve the reliability of information retrieved by search engines and AI tools. [Read more] - 13 August 2026 – Enforcement: Decision of the European Court of Human Rights
GFSC reported that the European Court of Human Rights had declared the application in Domaille and Hannis v the United Kingdom inadmissible, relating to a long-running Guernsey regulatory enforcement matter. [Read more] - 13 August 2026 – Investment: Notice of application for administration management order
GFSC gave notice that it would apply to the Royal Court for an administration management order in relation to Ceiba Investments Limited, with the application subsequently resulting in the appointment of Joint Administration Managers. [Read more] - 6 August 2026 – Digital Finance: Commission licenses further Innovation Sandbox participant
GFSC licensed a further participant through its Innovation Sandbox, with the latest licence covering a digital administrator and marking further development of the initiative within the Commission’s authorisations framework. [Read more] - 5 August 2026 – Digital Finance: Guernsey appoints its first Finance Sector Concierge to support business growth
GFSC welcomed the appointment of Peter Deacon as Guernsey’s first Finance Sector Concierge, providing a point of contact for financial services businesses considering establishing or expanding operations in the Bailiwick. [Read more]
Isle of Man Financial Services Authority
- 26 August 2026 – Proliferation Financing thematic report published
IOMFSA published the findings of its thematic review of proliferation-financing controls, reporting that the seven firms inspected generally demonstrated a good understanding of proliferation-financing risk while the reissue of its questionnaire to 579 firms showed improved risk assessment, procedures and staff training across the sector. [Read more] - 26 August 2026 – ManxTech Limited
IOMFSA gave notice that ManxTech Limited had been de-registered under section 12(1)(a) of the Designated Businesses (Registration & Oversight) Act 2015 with effect from 26 August 2026. [Read more] - 26 August 2026 – Specified Non-Profit Organisations (Countering the Financing of Terrorism) Code 2026 & publication of associated guidance
IOMFSA published the Specified Non-Profit Organisations Code 2026 and associated guidance following consultation, with amendments made in response to feedback and the new Code coming into operation on 1 September 2026. [Read more] - 24 August 2026 – AML Handbook Updates
IOMFSA updated its AML/CFT Handbook with revised and expanded guidance covering de-risking, complex structures, high-net-worth individuals, source of funds and wealth, enhanced customer due diligence, commercially exposed persons and sanctions compliance. [Read more] - 19 August 2026 – Authority publishes AML/CFT supervisory priorities progress report
IOMFSA published an update on the first year of its two-year AML/CFT and countering proliferation-financing supervisory programme, covering thematic reviews, sector-specific work, legislative reviews and the use of supervisory findings to support the Island’s National Risk Assessment and MONEYVAL preparations. [Read more] - 13 August 2026 – EchoChain Limited
IOMFSA published a public notice concerning EchoChain Limited under the Island’s designated-business regulatory framework. [Read more] - 13 August 2026 – Island Payroll Solutions Limited
IOMFSA published a public notice concerning Island Payroll Solutions Limited under the Island’s designated-business regulatory framework. [Read more] - 12 August 2026 – Chief Minister highlights Isle of Man’s role in disrupting international financial crime
IOMFSA reported on the Countering Financial Crime Conference, where Chief Minister Alfred Cannan highlighted the Island’s work to combat increasingly sophisticated international financial crime, strengthen cooperation between government and industry and prepare for the MONEYVAL evaluation. [Read more] - 10 August 2026 – Countering Financial Crime Conference taking place this week
IOMFSA previewed the 2026 Countering Financial Crime Conference, with topics including cyber-enabled fraud, financial-crime disruption, the Island’s National Risk Assessment and preparations for its MONEYVAL mutual evaluation. [Read more] - 5 August 2026 – Presentation provides insight into use of simplified measures
IOMFSA published practical material to help firms understand the appropriate use of simplified measures within the Island’s risk-based AML/CFT framework. [Read more]
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