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) issued a press release in March 2017 explaining that it would be undertaking a review of Professional Indemnity Insurance (PII) arrangements in place within Jersey’s finance industry. Having adequate PII in place is a regulatory requirement for licensed entities, and this is of particular importance due to the lack […]

PII requirements are established in the Codes of Practice (the “Codes”) published by the Commission for each of the business sectors detailed in This guidance note provides information on the following matters: PII policy limitations; retroactive date; characteristics of an excess; where a person is registered to carry on more than one financial service business; […]

The Alternative Investment Fund Managers’ Directive (‘AIFMD’) applies to managers (‘AIFMs’) of non-UCITS collective investment undertakings, referred to as Alternative Investment Funds (‘AIFs’). This term encompasses a wide range of funds, including hedge funds, private equity funds, and real estate funds, as well as investment trusts. AIFMs are generally aimed at professional investors, but individual […]