Jersey Financial Services Commission

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Jersey Financial Services Commission
Jersey Financial Services Commission logo.png
Agency overview
JurisdictionJersey
Headquarters14-18 Castle Street, St Helier, Jersey[1]
Coordinates: 49°11′05″N 2°06′39″W / 49.18461°N 2.11081°W / 49.18461; -2.11081
Employees140 (2018)[2]
Annual budget£17 million (2018)[2]
Agency executive
  • John Harris, Director General[3]
Websitejerseyfsc.org

The Jersey Financial Services Commission (JFSC) is the regulatory body for financial services in Jersey.

History[edit]

The commission 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][3] 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.[3][6][7]

External links[edit]

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


References[edit]

  1. ^ "JFSC - Contact Us". Retrieved 2019-09-19.
  2. ^ a b "Jersey Financial Services Commission Annual Report 2018" (PDF). 2019. Retrieved 2019-09-19.
  3. ^ a b c "Jersey Financial Services Commission. 20th anniversary seminar" (PDF). 2018. Retrieved 2019-09-19.
  4. ^ a b "Financial Services Commission (Jersey) Law 1998 (original version)". jerseylaw.je. Retrieved 2019-09-19.
  5. ^ "Financial Services Commission (Jersey) Law 1998 (revised version)". jerseylaw.je. Retrieved 2019-09-19.
  6. ^ Cameron, David (2014-04-25). "Prime Minister's letter on beneficial ownership". GOV.UK. Retrieved 2019-09-19.
  7. ^ 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.