GFSC Presentations on Conflicts of Interest Thematic Review

Guernsey GFSC News

Published March 18th, 2026

Detected March 24th, 2026

Summary

The Guernsey Financial Services Commission (GFSC) has published presentation slides from its thematic review of conflicts of interest in the investment and fiduciary sectors. The presentations, delivered on March 11, 2026, reinforced findings that firms generally manage conflicts appropriately but emphasized the need for active mitigation to ensure fair outcomes.

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What changed

The Guernsey Financial Services Commission (GFSC) has made available presentation slides from two sessions held on March 11, 2026, concerning its thematic review of conflicts of interest within the investment and fiduciary sectors. The review, initially published on September 22, 2025, found that firms generally identify, manage, and record conflicts of interest effectively through policies, procedures, and training. The presentations aimed to reinforce these findings and provide examples of controls implemented by firms, while also highlighting areas for further enhancement.

The key takeaway from the presentations is that identifying and recording conflicts of interest is insufficient; firms must actively manage and mitigate them to ensure fair outcomes for clients. Approximately 180 individuals attended these sessions, and the presentation materials are now accessible online. This notice serves as an informational update for regulated entities in the investment and fiduciary sectors regarding best practices for conflict of interest management.

What to do next

Review presentation slides on conflicts of interest management
Consider areas for enhancement in policies, procedures, and controls related to conflicts of interest

Source document (simplified)

News

Presentations on conflicts of interest thematic review

18th March 2026
- Investment
- Fiduciary
The Commission delivered two presentations on Wednesday 11 March 2026 regarding the findings from its thematic review of Conflicts of Interest within the Investment and Fiduciary sectors, published on 22 September 2025.

The presentations reinforced the findings of the thematic review which found that, in general, firms appropriately identify, manage and record conflicts of interest that arise during the course of doing business, using a combination of policies, procedures and periodic training. Examples were provided at the presentations of the specific controls that had been implemented by firms to manage varying conflicts of interest, as well as areas to consider further when next enhancing their policies, procedures and controls.

The key messages from the presentations were that conflicts of interest are inevitable, but simply identifying or recording them is not enough. Firms should actively manage and mitigate conflicts of interest to ensure fair outcomes.

Circa 180 people attended the two presentations, the slides from the presentations are now available to view: Investment presentation and Fiduciary presentation.