PRESS RELEASE 27 October 2008
UPDATED MEMORANDUM OF UNDERSTANDING WITH THE FINANCIAL SERVICES COMMISSION
The Jersey Financial Services Commission has entered into an updated Memorandum of Understanding with the Financial Services Commission of Gibraltar.
This new Memorandum of Understanding supersedes the previous Memorandum dated October 1998 and takes account of the expansion in both regulators’ supervisory remit in recent years. A copy of the Memorandum has been placed on the Commissions’ Websites, www.jerseyfsc.org and www.fsc.gi.
John Harris, Director General of the Jersey Financial Services Commission, said:
“I am delighted to sign this updated Memorandum of Understanding with the Financial Services Commission of Gibraltar. We have long had a close working relationship with our regulatory colleagues in Gibraltar and this updated Memorandum reaffirms each Commission’s commitment to the exchange of appropriate regulatory information in relation to the finance sector businesses that each regulates.”
Marcus Killick, Chief Executive of the Gibraltar Financial Services Commission, said:
“In these times it is more important than ever that regulators cooperate across national boundaries. Agreements such as these help ensure a structured, effective approach to such cooperation”
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For further information please contact: -
John Harris - Director General, Jersey Financial Services Commission
Tel: + 44 (0) 1534 822011
Fax: + 44 (0) 1534 822001
Marcus Killick - Chief Executive Officer, Gibraltar Financial Services Commission
Tel: + 350 200 40283
Fax: + 350 200 40282