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GENERAL INFORMATION

Codes of Practice

The Jersey Financial Services Commission (JFSC) has prepared and issued Codes of Practice setting out the principles and detailed requirements that must be complied with in the conduct of financial services business. Each Code is issued and maintained using powers provided by legislation.

Principle 6 to a number of the Codes of Practice establishes general and specific notifications which must be made to the JFSC. To assist any persons required to comply with more than one Code of Practice the JFSC has provided “at a glance tables” of the Principle 6 notifications. Please click here to access the tables.

Revised versions of several of the Codes of Practice come into effect on 1 June 2019 as shown below. (A track change version of each Code that has been revised can be viewed by clicking here)

Article 19 of the Financial Services (Jersey) Law 1998

Code of Practice for Fund Services Business – 21 March 2018 (effective to 31 May 2019)

Code of Practice for Fund Services Business – 1 June 2019 (effective from 1 June 2019)

Code of Practice for General Insurance Mediation Business – 21 March 2018 (effective to 31 May 2019)

Code of Practice for General Insurance Mediation Business – 1 June 2019 (effective from 1 June 2019)

Code of Practice for Investment Business – 21 March 2018 (effective to 31 May 2019)

Code of Practice for Investment Business – 1 June 2019 (effective from 1 June 2019)

Code of Practice for Money Service Business – 21 March 2018 (effective to 31 May 2019)

Code of Practice for Money Service Business – 1 June 2019 (effective from 1 June 2019)

Code of Practice for Trust Company Business – 21 March 2018 (effective to 31 May 2019)

Code of Practice for Trust Company Business – 1 June 2019 (effective from 1 June 2019)

Article 19A of the Banking Business (Jersey) Law 1991

Code of Practice for Deposit-taking Business – 1 February 2019 (effective to 31 May 2019)

Code of Practice for Deposit-taking Business – 1 June 2019 (effective from 1 June 2019)

Article 42 of the Insurance Business (Jersey) Law 1996

Code of Practice for Insurance Business – 21 March 2018 (effective to 31 May 2019)

Code of Practice for Insurance Business – 1 June 2019 (effective from 1 June 2019)

Article 15 of the Collective Investment Funds (Jersey) Law 1988

Schedule 2 – Jersey Expert Fund Guide (effective to 31 May 2019)

Code of Practice for Certified Funds – full version - 21 March 2018 (effective to 31 May 2019)

Code of Practice for Certified Funds – full version - 1 June 2019 (effective from 1 June 2019)

List of States and Jurisdictions – April 2012

Schedule 3 – Jersey Listed Fund Guide (effective to 31 May 2019)
Schedule 3 – Jersey Listed Fund Guide (effective from 1 June 2019)
Schedule 4 – OCIF Guide (effective to 31 May 2019)
Schedule 4 – OCIF Guide (effective from 1 June 2019)
Schedule 5 – Jersey Eligible Investor Fund Guide (effective to 31 May 2019)
Schedule 5 – Jersey Eligible Investor Fund Guide (effective from 1 June 2019)
 

Article 22 of the Alternative Investment Funds (Jersey) Law 2012; and
Article 19 of the Financial Services (Jersey) Law 1998

Code of Practice for Alternative Investment Funds and AIF Services Business - 21 March 2018(effective to 31 May 2019)
Code of Practice for Alternative Investment Funds and AIF Services Business - 1 June 2019 (effective from 1 June 2019)

In addition, the JFSC has prepared and issued Codes of Practice under Article 22 of the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008 (the Supervisory Bodies Law). This provides for the JFSC to prepare and issue Codes of Practice setting out the principles and detailed requirements that must be complied with by persons in relation to whom the JFSC has supervisory functions, in order for those persons to meet certain requirements of the Supervisory Bodies Law and anti-money laundering and counter-terrorism legislation.

The JFSC has prepared and issued four such Codes of Practice, which are referred to as Handbooks.

Regulated Financial Services Businesses

Handbook for the Prevention and Detection of Money Laundering and the Financing of Terrorism for Financial Services Businesses Regulated under the Regulatory Laws

Other Businesses and Organisations

Handbook for the Accountancy Sector
Handbook for the Legal Sector
Handbook for Estate Agents and High Value Dealers

 

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