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Beneficial Ownership Information - Trust Company Service Providers (TCSPs)

Changes

The Companies Registry at the Jersey Financial Services Commission (JFSC) is making changes to the way the Companies Registry collects information concerning beneficial ownership and control (BO). From 1 January 2017 onwards, we will require all Corporate and Legal Entities (apart from foundations) to complete a C17S form detailing current beneficial ownership and control by 30 June 2017. Effectively, TCSPs will have six months to comply with this new requirement. On submission of a C17S form and thereafter, all Corporate and Legal Entities (apart from foundations) must notify the Companies Registry of any changes to BO within 21 days of change. In respect of foundations, it is envisaged that this requirement will apply from or about 30 April 2017 (pending legislative amendments). However, TCSPs may voluntarily submit C17S forms any time from 1 January 2017.

Important: Even if there is no change to BO information since incorporation, you must still complete a C17S (or equivalent form depending on the entity applying) before 30 June 2017. This will allow the Companies Registry to update information relating to BOs of each Corporate and Legal Entity on the BO register. You can do this at any time from 1 January 2017 as long as this is filed by 30 June 2017.

Non submission of a C17S is a criminal offence.

FAQs for Trust Company Service Providers (TCSPs)
COBO template issued to companies incorporated on or after 1 January 2017
COBO template issued to companies in existence before 1 January 2017
C17S Form - for information only

 

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  Last Updated: 25 January 2017