17 July 2019 Financial Services (Jersey) Law 1998, as amended (the FS(J)L) Code of Practice for Fund Services Business and Code of Practice for Trust Company Business (together, the Codes) 1 Action 1.1 The Jersey Financial Services Commission (JFSC) issues this public statement pursuant to Article 25(ba) of the FS(J)L. 1.2 The JFSC’s actions support […]

  You may be interested in the publication of the JFSC Feedback Paper on Consultation Paper No. 10 2018 (Part 1) – Amendments to Codes of Practice.  This feedback paper relates to a consultation on proposals regarding maintenance amendments, amendments to address regulatory concerns and to ensure compliance with international regulatory standards and consideration of […]

The commission has issued feedback on the consultation paper regarding the amendments to the codes. See link attached: http://bit.ly/1Tj2uIg  

Breaches of the various Codes of Practice issued by the JFSC can clearly have serious implications for a regulated business and its employees. With this in mind as we move closer to the introduction of civil penalties, financial practitioners should consider examples of good and poor practice in the conduct of financial services business. Two […]

The Commission has prepared and issued Codes of Practice for the purpose of establishing sound principles for the conduct of financial services business. The Codes of Practice are issued and maintained using powers provided by legislation. Principle 6 to a number of the Codes of Practice establishes general and specific notifications which must be made […]