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 […]

This article is Part 10 of a multi-part series explaining the recently issued white paper on data protection in India. The responses to the white paper will help in the formulation of India’s future data protection laws. You can read Part 1, Part 2, Part 3, Part 4, Part 5, Part 6, Part 7, Part 8 and Part 9. Regulating and enforcing data protection faces two […]

TORONTO (Thomson Reuters Regulatory Intelligence) – Canada has proposed new regulations outlining how organizations, including financial firms, will report and record cyber-security breaches, assess potential harm, and notify affected individuals. The proposal, which aligns with EU data-protection rules that take effect next year, is intended to implement mandatory breach-reporting requirements described in the Digital Privacy […]

The JFSC held a CTF update on Wednesday 7 September 2016 at the Town Hall – The title of the session was:   The Risk of Terrorist Abuse in the NPO Sector The event covered the main ways that the non-profit organisation sector can be abused by terrorists, including: why and how NPOs may be […]

As we enter September, it is worth taking a look back over the summer months to remind ourselves what has been happening down at the JFSC-Towers. Amendments to codes of practice On May 18, 2016, the JFSC published feedback on its Consultation on Amendments to Codes of Practice. These amendments seek to: ensure that all […]

An area that many Jersey firms forget about particularly those with overseas ownership is the change Of Control Obligations under The Financial Services (Jersey) Law 1998.  This briefing is of interest to entities carrying on financial service business for the purposes of the Financial Services (Jersey) Law 1998, as amended (the “FSJL”) and highlights a […]

CIFO CASE STUDIES Consistent with Channel Islands Financial Ombudsman (CIFO) ongoing commitment to transparency, they suggest one of the best ways to understand the type of complaints they see and how they approach resolution is to view case studies. In the categories below, you will find links to several case studies that arise from complaints […]

Consistent with Channel Islands Financial Ombudsman (CIFO) ongoing commitment to transparency, they suggest one of the best ways to understand the type of complaints they see and how they approach resolution is to view case studies. In the category below, you will find links to several case studies that arise from complaints reviewed by CIFO […]