2021 Supervisory Risk Data Collection Exercise

We have committed to continuing our supervisory risk data collection exercise. The information you provide helps to inform our approach for risk-based supervision and our understanding of money laundering and terrorist financing risks.

The data we are asking for this year is updated to reflect 2021 legislative changes, but in substance mirrors our requests in 2017, 2018, 2019 and 2020.

This year, for the first time, we will also be requesting supervisory risk data from Class P and Q General Insurance Mediation Businesses registered under the Financial Services (Jersey) Law 1998 and Insurance Businesses authorised under the Insurance Business (Jersey) Law 1996. We will be providing guidance on our website for these sectors on how to complete the data collection exercise. 

In previous years, we have started this process in December by sending requests for data and making the Excel workbooks available for download, however, this year the process will occur in early February 2022.

This is to facilitate the upgrade of myProfile and myJFSC which is set to occur in January 2022.

The submission process will remain the same, with businesses being requested to submit their data by populating and uploading Excel workbooks via myJFSC.

Businesses will need to provide us with their data by 30 April 2022.

We will provide further information and guidance on the data to be submitted by 21 December 2021.