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Jersey Financial Services Commission

Jersey Financial Services Commission
Agency overview
JurisdictionJersey
Headquarters14-18 Castle Street, St Helier, Jersey[1]
49°11′05″N 2°06′39″W / 49.1847°N 2.1109°W / 49.1847; -2.1109
Employees140 (2018)[2]
Annual budget£17 million (2018)[2]
Agency executives
Websitejerseyfsc.org

The Jersey Financial Services Commission (JFSC) is the regulatory body for financial services in Jersey. It is also the Registrar of Companies for Jersey.[3]

History

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The JFSC was set up as an independent body by law in 1998.[4] Its responsibilities include the regulation of the banking and finance sectors, the registration of companies in Jersey, and "promoting the Island as a centre for financial services".[4] The law was later amended to remove the latter mission.[5][6] Since then, the commission has been responsible for the implementation of the gradually tighter regulation of the offshore financial activity in Jersey, under international pressure against money laundering and tax avoidance.[6][7][8]

glass and concrete entrance of the JFSC headquarters
Headquarters of the JFSC

Leadership

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Following the appointment of former Director General Martin Moloney as Secretary General of IOSCO,[9] Jill Britton was appointed the Commission's Director General in 2021, the first woman to hold the role.[10]

Mark Hoban became Chair of the Commission in April 2020,[11] succeeding John Eatwell.

See also

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References

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  1. ^ "JFSC - Contact Us". Jersey Financial Services Commission. Retrieved 2019-09-19.
  2. ^ a b "Jersey Financial Services Commission Annual Report 2018" (PDF). Jersey Financial Services Commission. 2019. Retrieved 2019-09-19.
  3. ^ "Jersey Financial Services Commission - Registry". Jersey Financial Services Commission. Retrieved 2020-07-01.
  4. ^ a b "Financial Services Commission (Jersey) Law 1998 (original version)". Jersey Legal Information Board. Retrieved 2019-09-19.
  5. ^ "Financial Services Commission (Jersey) Law 1998 (revised version)". Jersey Legal Information Board. Retrieved 2019-09-19.
  6. ^ a b "Jersey Financial Services Commission. 20th anniversary seminar" (PDF). Jersey Financial Services Commission. 2018. Retrieved 2019-09-19.
  7. ^ Cameron, David (2014-04-25). "Prime Minister's letter on beneficial ownership". GOV.UK. Retrieved 2019-09-19.
  8. ^ Noseda, Filippo (2017). "Too much information: when the UK gets it wrong". Jersey and Guernsey Law Review. 2017 (2). ISSN 1366-9354. Retrieved 2019-09-19 – via Jersey Legal Information Board.
  9. ^ "IOSCO Names New Secretary General". Lexology. 2021-07-01. Retrieved 2022-11-19.
  10. ^ "Jill Britton has been appointed as new Director General". Jersey Financial Services Commission. Retrieved 2022-11-19.
  11. ^ "JFSC appoints two new commissioners". Jersey Financial Services Commission. Retrieved 2022-11-19.
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