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TRUST COMPANY BUSINESS

POLICY STATEMENTS AND GUIDANCE NOTES

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 are of interest to all persons.

  Commissioners’ Code of Conduct regarding Conflicts of Interest – February 2013 PS  
  Data Protection – June 2009 PS  
  Delegation of Powers of the Commission PS  
  Discretionary Authorization of Auditors of Companies that are not Market Traded Companies PS  
  Matters Reserved for the Board of Commissioners – February 2006 PS  
  Regulatory Sanctions: 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 - June 2009   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

Specific to Trust Company Business

  Information relating to beneficial ownership information and how this is held by the Commission PS GN
  FS(J)L Licensing Policy – December 2010 PS  
  Advice versus Arranging – September 2001   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
  COBO-only funds and Schedule 2 to the Proceeds of Crime Law - Dear CEO - September 2008   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
  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 2013   GN
  Professional Indemnity Insurance (PII) – with effect from July 2014   GN
  Professional Qualifications (Trust Company Business) – January 2014   GN
  Testamentary Trustees and Trustees of Shares in Property Holding Companies – January 2002   GN

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