PRESS RELEASE 6 July 2010
JERSEY RETAINS POSITION WITHIN INTERNATIONAL ORGANISATIONS
Jersey’s position as a leading jurisdiction for company registration has been reinforced with the re-election of Julian Lamb
to senior positions on three international bodies. Jersey’s Companies Registry operates within the Jersey Financial Services Commission (the “Commission”), and Mr Lamb is Director, Registry, within the Commission.
He has been re-elected as the chair of the international section of the International Association of Commercial Administrators (“IACA”), which represents the business registries of the United States and Canada. Mr Lamb has been instrumental in the signing of a memorandum of understanding between IACA and the World Bank, and by remaining in the post will be the point of contact between IACA and World Bank.
Mr Lamb has also been re-elected to the five-member board of the European Business Registry (“EBR”), and has been appointed deputy chairman of the board and rotating chairman of the annual general meeting. The EBR members include 25 European countries which hold information on more than 24 million companies. The organisation is also at the forefront of inter-business registry communication across Europe.
Mr Lamb’s third re-appointment has been as website secretariat for the European Commerce Registries’ Forum (“ECRF”). He is responsible for its administration and is the primary contact for communications relating to the memorandum of understanding signed last month between the ECRF and the Corporate Registers Forum (“CRF”).
The Commission’s Director General, John Harris, holds the statutory position of Registrar of Companies. He said: “Julian’s appointments not only ensure that the Island retains a high profile internationally but also has many benefits within Jersey.
“By being a central influence in organisations such as IACA and EBR, Jersey has been able to monitor and implement technological and registry advances without making significant investments. Instead, we have formed strong relationships with other jurisdictions and they have supplied information and technology that we have used to develop and improve our own system.
“Julian’s close relationship with the World Bank has brought home how important it is to register business entities so that governments are able to fulfil their obligations to monitor, support and tax them. The Companies Registry has to remain as accessible and simple to use as possible if Jersey is to continue to meet such obligations.”
Jersey’s positions on IACA, EBR and other organisations (see notes to editors) are enabling the Island to influence legislation and to adopt and develop best practice in the training of Registry staff and the use of new technology. They have also been instrumental in the development of Jersey’s legislation covering the registering of intellectual property and security interests.
Mr Lamb said: “Our presence on the boards of IACA and EBR helps us to maintain an efficient service for our users, which is one of the Registry’s key objectives. For example, whilst Jersey’s Companies Registry website is currently easy to use, it is not based on the technologies used by today’s school leaver. In the next few years we will begin to introduce access to the Registry through social networking sites and other routes, as other registries globally are beginning to do, because today’s students will be tomorrow’s entrepreneurs and they will expect it.”
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For further information please contact: -
Ann Fleming - Secretary to Julian Lamb
Tel: + 44 (0) 1534 822041
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NOTES TO EDITORS
About the Commission
The Jersey Financial Services Commission (the “Commission”) is responsible for the regulation, supervision and the development
of the financial services industry in the Island.
The Commission is a statutory body corporate, set up under the Financial Services Commission (Jersey) Law 1998
(the “Commission Law”). The Commission Law provides for a Board of Commissioners to be the governing body of the Commission.
The Commission Law established the Commission as an independent body, fully responsible for its own regulatory decisions. The Commission is accountable for its overall performance to the States of Jersey (the Government of Jersey) through the Minister for Economic Development.
The Commission is also responsible for appointing a person to exercise certain statutory responsibilities as the Registrar of Companies, Limited Partnerships, Limited Liability Partnerships and Business Names. The Commission has appointed the Director General of the Commission as the Registrar.
Julian Lamb, Director, Registry
About Julian Lamb, Director, Registry
Julian Lamb was appointed Director, Registry, and Deputy Registrar with effect from 1 August 2006.
Julian is currently in charge of the day-to-day operations of the Companies Registry, policy and strategic development of the Registry and the increasing international nature of its activities.
Prior to joining the Commission in December 1999, Julian had over twenty years experience in the finance industry in Jersey, including at director level. He is a Fellow of both the Chartered Association of Certified Accountants and the Chartered Institute for Securities & Investment. In 2001, he was a member of the International Monetary Fund (IMF) team of specialists, which reviewed the finance centre element within Cyprus. He is currently a board member of the European Business Register (“EBR”) and the International Association of Commercial Administration (“IACA”). The European Commerce Registers’ Forum (“ECRF”) has also tasked Julian with modernising its website.
IACA, website: www.iaca.org, is a professional association for government administrators of business organization and secured transaction record systems at the state, provincial, territorial, and national level in any jurisdiction which has or anticipates development of such systems. International participation is encouraged and welcomed.
In 1999, the IACA Board of Directors (on which Julian Lamb sits) elected to expand the scope of its overall programme to seek participation of more jurisdictions from around the world. The general purpose for developing the International Relations Section is to provide a forum for the exchange of information between countries and service organisations, to assist emerging nations in developing effective registry systems and to allow existing members to benefit from the experience of others.
The EBR is a network of national business registers and information providers from 25 European countries. It acts as a single portal from where information on companies registered within those countries can be accessed.
The EBR Information Sharing Agreement is the basis for cooperation between national business registers. Registries in the member countries provide access to the data stored in their business registers. Data from across Europe is then made available through EBR in standardised reports. Information distributors use software provided by EBR in accordance with agreed technical conditions.
About ECRF and the Corporate Registers Forum (“CRF”)
In addition to IACA and EBR, Julian Lamb is involved in CRF and ECRF. He is responsible for ECRF’s website, www.ecrforum.org , and is part of a group considering the issues surrounding the global migration of companies and cross-border mergers.
Official company registration offices have a key role to play in the registration (start-ups) and the maintenance of reliable company information. As business in Europe has become more and more integrated and previous boundaries have disappeared, this has increased the need for international cooperation including authorities responsible for registering business enterprises.
The first initiative was to establish a wider contact and a deeper co-operation among the European Registration Authorities. The first annual conference for the commerce registers of Europe was held in Latvia during 1998. The ECRF was established from this fora in 2000.
The ECRF was set up with the purpose to improve the commerce registers services to the trade and industry and to the business life in general. Main goals of the Forum are:
- creating an efficient environment for starting-up and developing innovative businesses, especially small to medium enterprises (SMEs);
- preparing the associated Countries of Central & Eastern Europe for integration into the internal market of the Union;
- creating an open and transparent environment for business throughout Europe; and
- simplification of the regulatory environment in order to reduce the administrative burdens on businesses.
The CRF 2005 inaugural meeting was in New Zealand and, whilst it is similar to the ECRF, it has a more Global membership.
Its website is at : www.corporateregistersforum.org
The Objects of CRF are:
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- to promote liaison, co-operation and discussion among Members' jurisdictions/countries;
- to exchange or facilitate the exchange of information on the registry systems of Members' jurisdictions/countries, their roles and responsibilities, and issues relevant to their activities, including operational and management practices and procedures, technologies used or proposed and responses to changing registration trends;
- to identify issues and problems that are seen to impede the efficient and effective management of registries, particularly any cross-border issues; and
- to liaise with other international registry management organisations and constituencies on common registry management issues.