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Policy Statements & Guidance Notes



This page does not include Policy Statements and Guidance Notes relating to the Companies Registry (click here) or AML/CFT (click here). The documents on this page are subdivided into two sections, "General Application" and "Sector Specific", please scroll down the page to view "Sector Specific" documents. Additionally, Frequently Asked Questions relating to the Commission’s Personal Questionnaire process can be found by clicking here.

Policy Statements (PS) - record the Commission’s policies in respect of certain aspects of legislation or regulatory approach. Guidance Notes (GN) - provide guidance on complying with either a legislative or regulatory requirement.

General Application

The following Policy Statements and Guidance Notes have general application and may be of interest to all persons.

  Civil Financial Penalties on Principal Persons - Methodology for determining the amount PS  
  Civil Financial Penalties on Registered Persons - Methodology for determining the amount    
  Commissioners’ Code of Conduct regarding Conflicts of Interest – February 2013 PS  
  Data Protection Statement PS  
  Delegation of Powers of the Commission PS  
  Discretionary Authorization of Auditors of Companies that are not Market Traded Companies PS  
  Decision-Making Process PS  
  Sound Business Practice Policy PS  
  Registry Processing Statement   GN
  The Commission’s use of Public Statements – March 2011 PS  
  Handbook on International Co-operation and Information Exchange PS GN
  Outsourcing (across all sectors) and Delegation by Jersey Certified Funds and FSBs - May 2011 PS GN
  Outsourcing Policy – March 2017 PS GN
  Making a Subject Access Request   GN
  Subject Access Request Form   FORM
  Market Turbulence – Dear CEO – September 2007   GN
  The Commission’s use of Enforcement Powers – July 2006   GN
  Financial restrictions against Iranian Banks - Dear CEO - November 2011   GN
  The UK's Bribery Act - Dear CEO - December 2011   GN
  Compliance Monitoring - Dear CEO - December 2013   GN
  Compliance Monitoring – Guidance Note - December 2013   GN
  Making a Referral to the Police and/or the Attorney General   GN
  Cyber-security – Dear CEO – February 2016   GN
  Guidance Note on the Application Process for Issuers of Initial Coin Offerings (ICOs) - July 2018   GN
  Guidance Note on Integrity and Competence   GN

Sector Specific

• Banking Business (BB) • Investment Business (IB)
• Funds - products and service providers (CIF) • Trust Company Business (TCB)
• Insurance (INS) • Money Services Business (MSB)
• General Insurance Mediation Business (GIMB)  








Banking Business Licensing Policy - September 2014 PS            
Approval of Concession Limits for Governments and Connected Bank - December 2014 GN            
Credit Risk: criteria for classification as a retail exposure or as a residential mortgage - October 2007 GN            
Pillar 2 in Jersey - March 2017 GN            
Pillar 2 in Jersey - June 2018, effective 1 January 2019  GN            
Impact of International Financial Reporting Standards on Banking Prudential Reporting – February 2019 GN            
Liquidity management and reporting – May 2007 GN            
Basel III: Liquidity Management and Reporting for Jersey Incorporated Deposit-Takers - June 2018, effective 1 January 2019  GN            
The Commission’s rules relating to Trading Books – February 2013 GN            
FS(J)L Licensing Policy – December 2010  FSBs intending to structure as or with an LLP PS GN    
Promoters of Public and Private Collective Investment Funds PS            
Securities Issues under the Control of Borrowing Legislation PS            
AIFMD Regime Transitional Arrangements, Exemptions and Commission Forms GN            
ANLA Calculations – with effect from July 2014 GN        
Annual declarations – Dear CEO – March 2012 GN      
Aspects of the Accounts Orders for FSB, GIMB, IB and TCB GN      
Collective Investment Funds (Certified Funds – Prospectuses) (Jersey) Order 2012 – Dear CEO – May 2012 GN            
Circulation in Jersey of Offers for Subscription, Sale or Exchange of Securities Originating Outside Jersey GN            
COBO-only funds and Schedule 2 to the Proceeds of Crime Law - Dear CEO - September 2008 GN          
Eligible Markets GN            
Jersey Eligible Investor Fund Guide – July 2013 GN            
Jersey Expert Fund Regime – Effective Due Diligence – Dear CEO – June 2006 GN            
Jersey Expert Fund Guide – November 2012 GN            
Jersey Listed Fund Guide – November 2012 GN            
Jersey Private Placement Fund Guide - May 2013 GN            
Jersey Private Fund Guide - April 2017 GN             
Manager of a Managed Entity ("MoME") and certain Managed Entities - April 2009 GN            
Open-ended unclassified collective investment funds offered to the general public - November 2012 GN            
Insurance Business Licensing Policy - February 2011 PS            
Applications for Motor Vehicle Liability Insurance GN            
Applications under the Insurance Business (Jersey) Law 1996 - August 2010 GN            
Transfers of Insurance Business under the Insurance Business (Jersey) Law 1996 GN            
Solvency Calculations – March 2007 GN            
Forward foreign exchange transactions PS            
Treatment of insurance companies under the FS(J)L in respect of investment business PS            
Completion and submission of the details of a registered person’s investment employees and senior management information – April 2014 GN            
Professional Qualifications (Investment Business) – January 2014 GN            
Suitability of Advice – July 2008 GN            
Advice versus Arranging – September 2001 GN            
COBO Structures - Dear CEO - October 2011 GN          
Common regulatory shortfalls and completion of the transitional TCB phase – Dear CEO – June 2008 GN            
Company formations - Dear CEO - June 2011 GN            
Conflicts of Interest - Dear CEO - October 2010 GN            
Distinguishing between the authorisation requirements of a MTC & a PM within an Affiliation – September 2008 GN            
Information relating to beneficial ownership information and how this is held by the Commission PS GN            
Interpretation and Application of Principle 5 and The Second Schedule of the FS(J)L 1998 Trust Company Business Codes of Practice – January 2006 GN            
Managed Trust Company Businesses – May 2013 GN            
Natural persons undertaking the activity of acting as a director under the FS(J)L– November 2010 GN            
Natural persons carrying on a single class of Trust Company Business – August 2018 GN            
Professional Qualifications (Trust Company Business) – January 2014 GN            
Testamentary Trustees and Trustees of Shares in Property Holding Companies – January 2002 GN            
Professional Indemnity Insurance Guidance Note                



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