The Jersey Financial Services Commission (JFSC) has today issued a guidance note to Industry on the subjects of integrity, dishonesty and competence.
The guidance is in response to comments made by the Royal Court in the judgment handed down in the Francis v JFSC case (4 December 2017), where the Royal Court recommended that the JFSC issue guidance to Industry on what constitutes a lack of integrity versus dishonestly.
The guidance note can be found here:
https://www.jerseyfsc.org/media/2051/2018-07-19-guidance-note-on-integrity-and-competence.pdf
Please find below links to reference documents:
- JFSC press release – ‘Landmark Judgment for the JFSC’
http://www.jerseyfsc.org/media/1862/2018-05-29_royal_court_judgment_re_david_jonathan_francis.pdf
- Full Royal Court Judgment on the Jersey Legal Information Board
https://www.jerseylaw.je/judgments/unreported/Pages/%5b2017%5dJRC203A.aspx
- The JFSC’s Public Statement re David Francis
https://www.jerseyfsc.org/media/1858/2018-05-25_public-statement-david-francis-4-december-2017.pdf
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