1 Background 1.1 This guidance note is in response to comments made by the Royal Court in the judgment handed down in Francis v JFSC on 4 December 2017 [2017] JRC203A following his unsuccessful appeal against the decision of the Board of Commissioners. 2 Integrity 2.1  From a regulatory perspective, ensuring regulated entities and individuals […]

Update – Phase II of the JFSC’s Supervisory Risk Data Collection Exercise – 17 July 2018 Following our email to you last month informing you that we would be deferring Phase II of our Supervisory Risk Data Collection Exercise, we now provide you with an update on our revised timings and approach. Responding to Industry’s […]

The Jersey Financial Services Commission (JFSC) has today announced that, after 12 years in the role, John Harris is to retire as Director General due to personal health reasons and the risk of burnout. Following two periods of medical absence this year to manage stress-related concerns, the Board of Commissioners has accepted and fully understands […]

The JFSC has issued at June 2018 the Professional indemnity insurance guidance note and cyber is a theme!! The Jersey Financial Services Commission (JFSC) has established requirements for persons registered under the Financial Services (Jersey) Law 1998 (FSJL) in respect of Professional Indemnity Insurance (PII). These requirements are set out in each respective Code of Practice (together, Codes) […]

The Jersey Financial Services Commission (JFSC) has published its Supervision Examination Guide which is linked below. https://www.jerseyfsc.org/media/1684/jfsc-examination-visit-guide-jan-2018.pdf 

Marking 20 years since the Jersey Financial Services Commission (JFSC) was established, the Island’s financial regulator says it’s confident it can face new challenges posed by a changing global financial environment. Unveiling its annual business plan and budget to more than 300 members of Industry on 17 January, the JFSC will set out its objectives and priorities for […]

The Jersey Financial Services Commission (JFSC) and the Joint Financial Crimes Unit (JFCU) have today issued a warning to Islanders and businesses following authorities receiving reports of intimidating ransom emails, where the recipient or their family’s lives are threatened. The emails are likely to be fraudulent and are threatening that people need to make a Bitcoin payment in […]

The JFSC has prepared and issued UPDATED Codes of Practice THAT will come into effect on 21 March 2018. Revised versions of several of the Codes of Practice will come into effect on 21 March 2018 as shown below. A track change version of each Code that has been revised can be viewed by clicking […]