The latest version of the Crown Dependency Guidance Notes to FATCA, which was released on 28 July 2014, has provided further changes to, and clarifications of, the obligations of Jersey Financial Institutions in respect of FATCA. http://bit.ly/1uLfYf4 As the States of Jersey has entered into two intergovernmental agreements (“IGAs”), one with the US, and the […]

The purpose of this document is to provide definitions and guidance relating to a number of terms utilised in the Resource Requirement Calculation (also known as the “ANLA calculation”). The Schedules to the Codes of Practice for Fund Services Business (“FSB Codes”), Investment Business (“IB Codes”) and Trust Company Business (“TCB Codes”), as published by […]

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 purpose of the paper is to outline an approach to Compliance Monitoring and provide examples of good and poor practice identified during the Commission’s on-site examinations over the past 18 months. It is expected that senior management (including the board) of registered persons consider this paper against their own arrangements and take action where […]