Mandate
This page gives the mandate of the Finance Sector Group
- To provide the prime interface between the States of Guernsey and the Financial Services Sector on the island
- To be the principal forum for the initiation of the development and promotion of the sector both locally and internationally
- To identify and formulate priorities for new legislative requirements to ensure the maintenance and enhancement of the sector’s position against competitor jurisdictions worldwide
- To act as the principal facilitator and the crucible within which development, legislative and promotional issues are progressed for the advancement of the sector
- To assume management of the current Working Parties formed under the auspices of FIPAG covering:
- the Funds sector
- the Fiduciary sector
- company registration
- confidentiality
- And to initiate further Working Parties as and when required in the future.
- To identify and highlight the wider benefits of the Finance Sector to the business economy and in Guernsey as a whole and in particular:
- those working within the sector and benefiting from career development
- the secondary businesses that gain from the sector and
- the members of the States of Guernsey in the tax streams received which are the enabler of the overall economy