PRESS RELEASE 24 April 2007

Regulatory Co-operation with the Irish Financial Services Regulatory Authority

The Jersey Financial Services Commission (the “Commission”) and the Irish Financial Services Regulatory Authority have signed a Memorandum of Understanding.

The Memorandum of Understanding establishes a formal framework for mutual assistance and the exchange of information between each regulator to facilitate the enforcement of, and secure compliance with, the laws and regulations of each jurisdiction.

The Memorandum of Understanding commits both regulators to providing help within the limits of each jurisdictions’ laws, and establishes procedures and liaison points so that requests for information needed for tackling financial regulatory offences can be handled rapidly and efficiently.

John Harris, Director General of the Commission, said:

“I am delighted to sign this Memorandum of Understanding with the Irish Financial Services Regulatory Authority. It is the latest in a number established between the Commission and other regulators around the world and reflects the Commission’s commitment to cross-border regulatory co-operation.”

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For further information please contact: -

John Harris,
Director General
Jersey Financial Services Commission

Tel: + 44 (0) 1534 822011
Fax: + 44 (0) 1534 822001
Email: j.harris@jerseyfsc.org