Sounds Business Policy update: guidance on completing Registry forms

On 1 November 2025, we launched the revised Sound Business Policy (SBP) in collaboration with the Government of Jersey and industry stakeholders to improve clarity, usability, and efficiency.

Our ‘Change of Activity’ and ‘Incorporation and Registration’ forms have been updated to align with the revised SBP and are available on myRegistry.

Table 1

Table 1, which previously listed financial services activities, has been removed from the SBP.

We will continue to ask applicants to confirm whether they intend to carry on regulated financial services business to streamline the process for our Authorisations team.

There is no change to the information requested and it remains on the Sensitive Activity page under ‘Registered, Authorised and Supervised Activities’:

This includes a section for ‘Holding Vehicle of a Regulated Entity’:

Table 2

We’ve significantly revised the list of activities that may pose a reputational risk to Jersey (formerly Table 2).

Six of the 11 activities have been removed because they are already covered by other legal or regulatory frameworks.

One example is the application process for issuers of Initial Coin and Token Offerings (IC/TOs). Information related to IC/TOs remains on the ‘sensitive activity’ page under ‘Initial Coin Offering and Token Issuers’.

The five remaining SBP activities are:

• defence
• pharmaceutical
• dual use goods
• mining
• drilling
• quarrying

These remaining activities have also been refined, with updated definitions and additional guidance.
A new Section has been added to the form called ‘SBP – Activities that pose a potential risk to the reputation of the Island’:

A free text field is available to provide full details of the intended activity:

We will continue to request information on a subsidiary, wholly owned subsidiary or holding body that falls within the remaining SBP activities.

Registry may request additional information on new applications or updates to activity information to ensure a complete understanding of the entity and its group activities. A structure chart will be required for all the remaining SBP activities.

Draft submissions

Draft submissions saved in myRegistry for incorporations, registrations, or changes of activities will not include the ‘new activity’ selections. Please delete any existing drafts and complete the updated forms.

Additional support

Full guidance on how to incorporate a company can be found on our website.

If you are unsure about any of the requirements, contact Registry by email at registry@jerseyfsc.org or call 01534 822030.

Our Registry team are unable to offer legal advice but can support you with any questions you have on how to make a submission.