Good morning, the JFSC have issued their findings on “Client Assets”, please see summary below. WHAT IS THIS ALL ABOUT? As communicated in November 2017, the JFSC set out in high level terms its planned thematic examination programme for the first half of 2018, to be undertaken by the JFSC’s Supervision Examination Unit (SEU). (SEE […]

The JFSC Guidance Note Natural Persons carrying on a Single Class of Trust Company Business and noticed it was Last revised: 1 August 2018 https://www.jerseyfsc.org/media/2109/2018-07-17-gn-natural-persons-carrying-on-a-single-class-of-tcb.pdf  

Trusts (Amendment No 7) (Jersey) Law 2018 – https://www.jerseylaw.je/laws/enacted/Pages/L-22-2018.aspx Amendment No. 7 brings clarification and further develops certain existing provisions of the Trusts Law, ensuring that Jersey remains a leading jurisdiction for the establishment and management of trusts. The Trusts (Amendment No 7) (Jersey) Law 2018, which contains a number of amendments to the Trusts (Jersey) […]

Introduction The JFSC Trust Company Business Examination Feedback 2014 has been issued (on the March 31st 2016!!!) This paper sets out the summary findings from the Jersey Financial Services Commission’s (“the Commission’s”) programme of onsite examinations conducted during the calendar year 2014. The purpose, objective and process of the programme remain unchanged and each included […]

The JFSC Trust Company Business Examination Feedback 2015 paper has been published (March 31st 2016) – this paper sets out the summary findings from the Jersey Financial Services Commission’s (“the Commission’s”) programme of onsite examinations conducted during the calendar year 2015. The JFSC forward the paper with the following thoughts The principal theme for 2015 […]

New International Standards For Regulating Trust Company Business The Group of International Finance Centre Supervisors (“GIFCS”) has today launched a new benchmark for the regulation of Trust and Corporate Service Providers (“TCSPs”). Guernsey has been a champion of this new approach which has seen the GIFCS working group which developed the new standard being chaired […]

  Trust Company Business On-site Examination Programme 2012 summary findings published – During 2012, the Jersey Financial Services Commission (the “Commission”) continued its programme of on-site 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 […]

Trust Company Business On-site Examination Programme 2012 summary findings published – During 2012, the Jersey Financial Services Commission (the “Commission”) continued its programme of on-site 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 […]