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 […]

The Jersey Financial Services Commission (JFSC) has launched a review into whether Jersey firms hold adequate Professional Indemnity Insurance (PII). The review, which begins this week, follows several recent supervisory cases that have raised concerns about the suitability of companies’ PII cover and the level of understanding that senior management have about the terms of […]