Recent changes in Guernsey company law and GFSC regulations mean I need to adapt and update my internal procedures and controls
A visit from the regulator is to determine if my level of compliance is in accordance with their expectations. However non-compliance can have detrimental consequences for the Board, the company and its stakeholders and even the Guernsey itself if compliance falls below minimum standards
The costs of compliance are increasing which can put a strain on all resources, eg financial, time and people
Some of the challenges faced may include:
Need assistance? We can help!
Setting up your business feels like a distant memory, and you’ve overcome many challenges to feel confident in running it.
You know success requires constant vigilance, including horizon scanning, identifying risks, and preparing for the unexpected.
As your business matures, you may need help managing risks and navigating the evolving regulatory landscape.
BDO offers comprehensive support to clients across various disciplines. While our brand is renowned for delivering exceptional audit and tax services, we also provide advisory and outsourced services that enable management to concentrate on business operations and achieve company success.
The following information covers the Maturity phase:
The business reaches a stable state with steady sales and an established market presence.
Focus is on maintaining market share, optimizing operations, and maximizing efficiency.
Support may be needed with navigating and complying with the regulatory environment.
Preparing for potential visits from regulators is essential in a constantly changing world.
