PRESS RELEASE 18 December 2007
FEEDBACK ON CONSULTATION PAPERS NO. 2 & NO. 3 - CODES OF PRACTICE
The Jersey Financial Services Commission (the “Commission”) has today issued a Feedback Paper on two consultations undertaken in 2007:
• Consultation Paper No. 2 2007 on Codes of Practice for General Insurance Mediation Business; and
• Consultation Paper No. 3 2007 on Amendments to Codes of Practice relating to: Investment Business; Deposit-taking Business; Insurance Business; and Trust Company Business.
The Feedback Paper deals with all of the responses received by the Commission, except on the Investment Business Codes, where consultation continues with Industry.
Finalised Codes will come into effect at the following times: Codes for General Insurance Mediation Business, Insurance Business, and Trust Company Business on 1 January 2008; and Codes for Deposit-taking Business on 1 February 2008. Some minor amendments have also been made to Codes for Money Service Business and Fund Services Business, which have immediate effect.
The feedback paper and finalised Codes for General Insurance Mediation Business, Deposit-taking Business, Insurance Business and Trust Company Business can be viewed on the Commission’s website
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For further information please contact: -
Andrew Le Brun
Director of International & Policy
Jersey Financial Services Commission
Tel: + 44 (0) 1534 822065
Fax: + 44 (0) 1534 822001