Collaboration with other supervisory authorities

The JFSC has a wide range of powers to licence, supervise and enforce the regulatory regime in Jersey. We are able to exercise many of these powers at the request of, or for the purposes of assisting, overseas supervisory authorities.

The legislation provides gateways that enable us to communicate any information held to another supervisory authority to assist them in the exercise of their supervisory functions.

Handbook on International Co-Operation and Information Exchange

Memoranda of Understanding

We are signatory to 65 bi-lateral memoranda of understanding (MoU) covering 35 jurisdictions. We are also a signatory to 3 multilateral MoUs and 28 MoU with EU Member States following the implementation of the Alternative Investment Funds Mediation Directive and Alternative Investment Fund Managers Directive.

Memoranda of Understanding

International co-operation

Collaboration with other supervisory authorities occurs across the JFSC. Two notable divisions are Supervision and Enforcement. The nature of their respective interaction with overseas supervisory authorities differs.

Supervision’s focus is more routine as it focuses on the authorisations process and determination of a person’s fitness and propriety for a specific key or principal person role. Enforcement’s focus is assisting other supervisory authorities with their investigations.

Enforcement assistance provided between 2018 - 2022

Jurisdiction

2018

2019

2020

2021

2022

Australia

-

1

1

-

-

Finland

-

-

-

-

-

France

-

1

-

1

-
Germany

-

-

1

-

-

Greece

-

1

1

1

3
Guernsey

-

1

-

1

1
India

-

-

1

1

-
Isle of Man

-

-

-

2

-

Italy

-

-

-

1

-

Kenya

1

-

-

-

-
Malaysia

-

-

1

-

-
Malta

-

-

-

-

-
Mauritius

-

-

-

-

-
Panama

-

-

-

-

1

Poland

1

-

-

-

-
Qatar

-

-

1

-

-
South Africa

-

-

-

1

-

Switzerland

1

1

-

-

1

UK

4

1

5

3

5

USA

1

-

2

-

4
Total

8

6

13

11

15

Supervision - assistance provided and requested in 2019 - 2022

Jurisdiction

Requests from JFSC 2019

Requests to JFSC 2019

Requests from JFSC 2020

Requests to JFSC 2020

Requests from JFSC 2021

Requests to JFSC 2021

Requests from JFSC 2022 

Requests to JFSC 2022

Australia

2

-

1

-

-

-

-

-
Austria

-

-

-

-

-

2

-

-

Bahrain

-

2

-

-

-

-

-

-
Belgium

-

-

1

-

-

-

-

-

Bermuda

2

1

1

-

-

-

-

-

Canada

2

2

-

-

1

-

-

1

Cayman Islands (the)

2

4

1

5

3

1

1

3
China

-

-

-

1

-

-

-

-
Cyprus

-

-

-

1

-

-

-

-
Denmark

-

-

-

-

1

-

-

-

Dubai

1

-

1

-

-

-

2

1

Estonia

-

-

-

-

-

-

-

4

France

-

1

-

-

-

-

-

-

Germany

2

1

1

1

-

-

-

-

Gibraltar

-

2

-

5

-

7

-

3

Guernsey

147

138

105

92

93

84

75

65

Hong Kong

5

1

1

-

-

-

-

-

Ireland

2

10

1

6

4

8

-

7

Isle of Man

44

24

24

33

22

28

27

23

Italy

-

1

-

-

-

-

-

-
Jersey

-

1

-

-

3

-

2

18
Lithuania

-

-

-

-

-

-

-

1

Luxembourg

4

1

1

1

2

1

2

5
Malaysia

-

-

-

-

-

-

-

2

Malta

1

12

-

10

6

6

-

6

Mauritius

2

1

-

2

-

1

-

1

Netherlands (the)

-

2

-

12

2

6

3

3

Nevis West Indies

-

-

-

-

1

-

-

-
Poland

-

-

-

-

1

-

-

-

Singapore

3

1

-

3

1

-

-

2
Slovenia

-

-

-

1

-

-

-

-

South Africa

5

1

-

1

-

1

1

1
South Korea

-

-

-

-

-

-

-

1

Sweden

2

4

-

3

4

4

-

3

Switzerland

2

1

4

1

1

3

1

1
Turkey

-

-

-

-

-

1

-

-
Ukraine

-

-

-

1

-

-

-

-
United Arab Emirates (the)

-

-

-

-

-

1

-

1

United Kingdom (the)

212

439

132

406

238

260

85

557

United States of America (the)

11

1

4

1

-

2

-

-

Virgin Islands (British)

-

1

2

2

-

-

1

2

Total

451

652

280

588

383

416

200

713