Consultation launched on civil financial penalty methodology
We’ve published a consultation on proposed amendments to our methodology for determining the amount of a civil financial penalty imposed on a registered person. These changes are intended to align the methodology with recent legislative changes and to improve clarity, transparency, and predictability in its application, while preserving the flexibility needed to address the circumstances of individual cases.
Read the full consultation on amendments to the JFSC’s civil financial penalty methodology for registered persons and submit your response by 4:00pm on 23 April 2026.
Who does this affect?
The proposals may affect registered persons subject to our civil financial penalties regime, professional advisers acting for persons involved in JFSC enforcement matters, and other stakeholders with an interest in our enforcement framework and published methodology.
Summary of proposals
The proposed amendments would update the registered persons methodology to reflect the Financial Services Commission (Financial Penalties) (Jersey) Amendment Order 2026, which reintroduced maximum penalties for Bands 1, 2 and 2A for registered persons, while Band 3 remains uncapped.
We are also proposing targeted updates to improve guidance in parts of the methodology, based on our experience of applying the regime in practice.
This consultation is limited to the methodology for registered persons. We will consider the natural persons methodology separately at a later stage.
Next steps
We encourage registered persons, advisers, industry bodies and other interested stakeholders to read the consultation and respond to the questions using our form by 4:00pm on 23 April 2026.
We will then review all feedback received, publish a feedback paper, and finalise and publish the updated methodology for registered persons.
Contact us
If you have questions about the proposals, contact our Enforcement team.