TCB ON-SITE EXAMINATION PROGRAMME FINDINGS 2011 – SUMMARY FINDINGS – During 2011, the Jersey Financial Services Commission (the “Commission”) continued its programme of on-site examinations (“examinations”) as part of its supervision of trust company businesses.

The purpose of an on-site examination is to assess a business in terms of its performance against the legislative and regulatory framework, i.e. Laws, Orders and Codes of Practice. The objective in publishing summary findings from a programme of examinations is to provide industry with an overview from the Commission‟s perspective and to share some examples of good working practices.

http://www.jerseyfsc.org/pdf/TCB_2011_Examination_Feedback_May_2012.pdf