PRESS RELEASE 16 August 2006
Consultation
on Revised Codes of Practice for Trust Company Business
The Commission has today commenced a public consultation
exercise on proposed changes to the Codes of Practice for
registered trust company business service providers in the
Island.
Codes of Practice set out the fundamental principles and
requirements by which registered trust companies must organise
and conduct their business.
The revision will update Codes of Practice first introduced
by the Commission in November 2000 and takes account of recommendations
made by the International Monetary Fund during their last
assessment of Jersey’s regulatory regime as well as
findings from the Commission’s ongoing supervision of
the trust company business sector.
The Consultation Paper can be viewed on the Commission’s
website www.jerseyfsc.org
and paper copies obtained from the Commission’s reception
area or the Jersey Library.
The Commission would welcome input from interested parties.
Responses should be submitted by 15 November 2006.
- Ends -
For further information, please contact:
Darren Boschat,
Senior Manager – Trust Company Business
Jersey Financial Services Commission
Tel: + 44 (0) 1534 822060
Fax: 44 (0) 1534 822002
Email: d.boschat@jerseyfsc.org
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