Update to our guidelines on interpretation of Article 36 of the Proceeds of Crime (Jersey) Law 1999

We have amended section 3.12 of our statutory guidelines under Article 36 of the Proceeds of Crime (Jersey) Law 1999 (the ‘Schedule 2 Guidelines’).

We are aware of differing approaches being taken across industry regarding debt capital markets vehicles. These changes make clear that for the purposes of Schedule 2, and provided specific criteria is met, issuers of debt securities are not:

• in scope
• required to register with us for Schedule 2 activity

These criteria are set out in detail in section 3.12 of the revised Schedule 2 Guidelines.

See our updated guidelines on interpretation of Article 36 of the Proceeds of Crime (Jersey) Law 1999.

We are grateful to our industry and government colleagues who have assisted in this work.

Redline guidelines on interpretation of Article 36 of the Proceeds of Crime (Jersey) Law 1999