Tag: Jersey Financial Services Commission
CISI welcomes Jersey new qualification benchmark standards for financial advisers
The Jersey Financial Services Commission (JFSC) has mandated financial advisers working for Jersey businesses, and who advise clients who are not Professional Clients, meet specific, new qualifications requirements (at Qualification and Curriculum Authority (QCA) level 4), wherever those clients are resident. This affects all persons registered to give investment advice and individuals must be qualified [...]
Banking and funds sectors show increases reflecting a stable year for Jersey’s Finance Industry
Jersey’s finance industry has reported a steady performance during 2012 with bank deposits rising in the final quarter of the year and the size of the funds administration business increasing year on year. In the final quarter of 2012, bank deposits increased by 2.3% with sterling deposits representing 36.9% and currency deposits 63.1% of the [...]
Jersey Finance welcomes JFSC proposals to clarify financial adviser standards
Jersey Finance has welcomed recent proposals from the Jersey Financial Services Commission (JFSC) relating to the qualifications needed by and the remuneration of financial advisers in Jersey. The proposals are based on the results of the JFSC’s Review of Financial Advice Feedback paper and are intended to take effect from 1 January 2014, a year [...]
Response to Daily Telegraph article
“Jersey meets the highest international standards of financial regulation, including anti-money laundering and ‘know your customer’ regulations. “The Jersey Financial Services Commission, as the regulator, is equipped with all the necessary powers and resources to ensure compliance with our very high standards. “Ministers have every confidence in the ability of the Commission to discharge these [...]
FINANCIAL SERVICES REGULATOR PUBLISHES RESULTS OF LATEST INDUSTRY SURVEY
The Jersey Financial Services Commission has published the results of its latest Industry survey that aims to discover how its work can be improved and clarified. The survey was conducted in March of this year and respondents were asked to comment on a number of key issues. A similar survey was carried out in November [...]
Collas Crill is lead counsel on new Jersey art fund that will invest in 200 exclusive works of art
A new art fund that will invest in around 200 exclusive works of art has been authorised for launch in Jersey. Lead counsel throughout the formation of the fund, Collas Crill, believes the Berenberg Art Capital Fund Limited is an example of the trend for investors and managers to move into other investment strategies, to [...]
Local Trust Companies Announce Merger
Volaw is pleased to announce that it has reached an agreement to merge the business and operations of the Europlan Group with Volaw. The combined business will now operate under the Volaw brand. The merger, which brings together two long-established Jersey-based trust services businesses, was agreed following a careful review of recent and anticipated trends [...]
PBS Group Launches Insurance Business
PBS Group continues to expand with the launch of its new insurance arm, PBS Insurance Limited. The business has been formed in a partnership between PBS Group Managing Director Tony Le Tiec, insurance expert Si Aziz and former Acorn Mortgages director, Steve Ryan. PBS Insurance Limited, which is regulated by the Jersey Financial Services Commission, [...]
Jersey’s funds sector shows strong growth during first quarter of 2012
The latest figures tracing the performance of Jersey’s finance industry reveal particularly strong growth in its funds sector during the first quarter of 2012, with a 3.5% increase in the net asset value of funds under administration and a total of 1,412 funds registered, the highest figure since 2009. In further good news for the [...]
Swiss Ambassador to visit Jersey
The Swiss Ambassador to the UK, His Excellency Mr Anton Thalmann, will visit Jersey on 28 and 29 March 2012. He will be accompanied by his wife Mrs Dominique Thalmann; Head of the Economic Section at the Swiss Embassy in London, Mr Fabrice Filliez; the Honorary Swiss Consul, Mr Albert Good; and his wife Mrs [...]
