The Government of Jersey has introduced a new law, the Financial Services (Disclosure of Provision of Information) (Jersey) Law 2020, which came into force 6 January 2021. It requires entities to appoint a nominated person and give us more information on their significant persons.
Appoint nominated persons
Each entity needs to appoint at least one eligible person as a nominated person.
A nominated person can:
submit all information and documents to Registry on behalf of an business / company
have access to a business / company’s public and private information.
As a lawyer or accountant, you might already submit documents to the Registry on behalf of your clients. If you carry on business described in paragraph 1 or 2 of Part B of Schedule 2 of the Proceeds of Crime (Jersey) Law 1999 and are resident in Jersey, you can be appointed as a nominated person of the client company or entity.
Provide significant person information
The most notable change is the requirement to update our central register with details of significant persons. You must also notify us with information changes within 21 days.
The new law provides a definition of the significant persons for each of the different entities. For example, for companies we will require information on directors and secretaries.
Easy Company Registry replacement
We have replaced Easy Company Registry. You can register for myRegistry here.
Annual confirmation statement replaces the annual return
We have replaced the company annual return process with an annual confirmation statement.
Each entity must submit an annual confirmation statement that confirms that the information provided to us is accurate. The confirmation statement will be a read-only form that will show the information held on the register at that date.
This does not apply to business names.
Annual confirmation due date
The first annual confirmation statement will be due by 30 September 2021.
Registration and changes
You must submit all registrations and changes through myRegistry. We will not accept any paper filings.
We only accept online payment via credit or debit card. We do not accept cash or cheque payments.
What you need to do to prepare for myRegistry
Find out the steps you need to take to ensure you meet all the requirements of the law.