The JFSC have issued a further Public Statement against a Principal Person of Horizon Trustees (Jersey) Limited (in liquidation) (“HTJL”) The Commission has previously concluded that HTJL breached all seven principles of the Codes of Practice for Trust Company Business, including failing to conduct business with integrity, failing to ensure conflicts of interest were managed […]

The Jersey Financial Services Commission (JFSC) has today issued a warning to advise local residents and businesses of spam emails associated with the Dridex ecrime campaign, which uses Microsoft Office documents containing malicious macro code to infect computers. Dridex is typically disguised as an invoice and emailed to victims, and the malware virus relies on […]

The Jersey Financial Services Commission (JFSC) and the South African financial services regulator, the Financial Services Board of the Republic of South Africa (FSB), have signed a Memorandum of Understanding (MoU). The MoU provides a framework for the JFSC and the FSB to exchange confidential regulatory information and co-operate with each other regarding the supervision […]

COMMISSION SIGNS AIFMD COOPERATION AGREEMENTS The Jersey Financial Services Commission (the “Commission”) is pleased to announce that 25 AIFMD bilateral cooperation agreements have, to date, been signed with EU/EEA Member State supervisory authorities. The Commission has been liaising with the European Securities and Markets Authority, the party responsible, to date, for negotiating the AIFMD cooperation […]

TRANSITIONAL ARRANGEMENTS, EXEMPTIONS, AND COMMISSION FORMS The Commission continues to prepare for the launch of the AIFMD regime on 22 July 2013 and has today published, for consideration and use specifically by Jersey fund industry practitioners: a Guidance Note on Transitional Arrangements, Exemptions and Commission Forms (the “AIFMD Guidance Note”); and a package of new and […]