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Guernsey Financial Services Commission

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A bailiwick ( / ˈ b eɪ l ɪ w ɪ k / ) is usually the area of jurisdiction of a bailiff , and once also applied to territories in which a privately appointed bailiff exercised the sheriff 's functions under a royal or imperial writ .

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7-608: The Guernsey Financial Services Commission is the regulatory body for the finance sector in the Bailiwick of Guernsey . It supervises and regulates over 2,000 licensees from within the banking, fiduciary, investment and insurance sectors in accordance with standards set by international bodies such as the Basel Committee for Banking Supervisors, the International Association of Insurance Supervisors,

14-564: The Anglo-Saxon suffix (meaning a village) to produce a term meaning literally 'bailiff's village '—the original geographic scope of a bailiwick. In the 19th century, it was absorbed into American English as a metaphor for a sphere of knowledge or activity. The term can also be used colloquially to mean 'one's area of expertise' The term survives in administrative usage in the British Crown Dependencies of

21-567: The Channel Islands , which are grouped for administrative purposes into two bailiwicks – the Bailiwick of Jersey (comprising the island of Jersey and uninhabited islets such as the Minquiers and Écréhous ) and the Bailiwick of Guernsey (comprising the islands of Guernsey , Sark , Alderney , Brecqhou , Herm , Jethou and Lihou ). A Bailiff heads each Channel Island bailiwick. A bailiwick ( German : Ballei )

28-557: The Lord of the Manor of Market End was the Earl of Derby who, in 1597, sold a 9,999-year lease to 31 principal tenants. This in effect gave the manorial rights to the leaseholders, ‘purchased for the benefit of those inhabitants or others who might hereafter obtain parts of the demesne’. The leaseholders elected a bailiff to receive the profits from the bailiwick, mainly from the administration of

35-605: The International Organisation of Securities Commissions and the Financial Action Task Force on Money Laundering. The Commission uses a risk based approach to the supervision of licensees which is underpinned by a system known as PRISM. This article about the Bailiwick of Guernsey is a stub . You can help Misplaced Pages by expanding it . Bailiwick In English , the original French bailie combined with -wic ,

42-498: The term generally used was sénéchal (cf seneschal ) who held office in the sénéchaussée . The administrative network of baillages was established in the 13th century, based on the earlier medieval fiscal and tax divisions (the 'baillie') which had been used by earlier sovereign princes. (For more on this French judicial system, see bailli , prévôt and Early Modern France .) At Bicester in Oxfordshire ,

49-637: Was also the territorial division of the Teutonic Order . Here, various Komtur(en) formed a Ballei province. The term originated in France ( bailie being the Old French term for a bailiff). Under the ancien régime in France, the bailli was the king's representative in a bailliage , charged with the application of justice and control of the administration. In southern France,

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