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BANKING BUSINESS

Banking Prudential Reporting

Overview

The Prudential Return must be supplied to the Jersey Financial Services Commission in accordance with Notice 2, issued under Article 26 (formerly Article 25) of the Banking Business (Jersey) Law 1991. It is to be completed on a quarterly basis as at 31 March, 30 June, 30 September and 31 December by each Jersey deposit taker registered under the aforementioned law.

The Prudential Return should be completed in accordance with the guidance set out within issued guidance entitled “Reporting Forms and Associated Definitions” and submitted using the Commission’s secure electronic submission process together with a hard copy printout of the return, a signed certificate and comments on any material changes and unusual items. This process is described in the guides below.

The Prudential Return should be submitted to the Commission on or before the 20th working day after the reporting date. The Commission would normally expect the accompanying associated hard copies to be received within 5 further working days. If the registered person foresees or experiences a delay that will result in a late submission, it must notify the Commission immediately.

Submission of the Prudential Return is via a secure website, using a unique PIN (user ID) and pass code (for more details see the Guidance Notes).

Guidance Notes

Prudential Returns - Operator Guidance Notes - Feb 2007