The JFSC have announced several of the Codes of Practice currently in force will be superseded by amended versions on 1 September 2016. Some of the main changes are to introduce the Ombudsman’s Office re complaints. There is a change in references to working days being to business days. Also that notifications to the JFSC […]

FSB Examination Feedback 2015 Issued 13 May 2016 Introduction This paper sets out the summary findings from the Jersey Financial Services Commission’s (“the Commission’s”) programme of on-site examinations conducted during the calendar year 2015. The purpose, objective and process of the programme remain unchanged. For further details, please see the 2014 Summary Findings Document published at the address below. […]

The JFSC have now published the MoneyVal report on its website. View the report below MONEYVAL_Council_of_Europe_Executive_Summary_2015_Jersey View the JFSC evaluation below http://bit.ly/1RpFwHX

The Jersey Financial Services Commission (JFSC) issues this Press Statement in respect of the recent Royal Court Judgment dated 11 May 2016, which made a procedural ruling following proceedings in November 2015 involving SWM Limited (SWM). Whilst respecting the decision of the Royal Court, the JFSC wishes to clarify its stance in the context of […]

The following offers an update on Jersey regulatory and legal matters this quarter and includes such matters as JFSC Business Plan 2016 Other JFSC updates – inc Funds, TCB feedback and dear CEO letter Updates to Jersey legislation Tax Beneficial ownership JFSC Business Plan 2016 On February 5 2016 the Jersey Financial Services Commission (JFSC) […]

Jersey is recognised by international standard setters as one of the best regulated finance jurisdictions globally and its authorities have full knowledge of the beneficial owners of all Jersey companies, according to Geoff Cook, CEO Jersey Finance. He welcomed moves for greater transparency and called on other locations that had not done so to introduce […]

Further to our briefing note “The Common Reporting Standard: draft Jersey legislation released” dated November 2015, the Chief Minister’s Department has published draft guidance notes dated February 2016 (“Guidance Notes”) which provide guidance on the implementation of the Common Reporting Standard (“CRS”)  in Jersey. The Guidance Notes are not intended to replace the OECD commentaries on the […]