JFSC BUSINESS PLAN 2016

Jersey substance proposals — company perspective More articles. It’s easy to stay current with blglobal. In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription. Legislative updates Virtual currencies and financial technology regulation Following a JFSC consultation in Summer , legislation relating to the regulation and supervision of virtual currency exchangers ie, those that exchange fiat money for virtual currency is expected to come into force in Advertising Full details on advertising in the City Magazine and online are available in our Media Pack. ILO is a premium online legal update service for major companies and law firms worldwide.

Our Magazines View more. However, it is proposed that the codes of practice for certified funds be updated in relation to complaints, including requiring funds to: Members of the financial services industry and other interested parties were invited to attend the event. The island’s financial regulator will set out its objectives and priorities for the coming year and beyond. The JFSC will provide its responses by February 19 and it is anticipated that the revised codes will be issued during the first half of Just sign up for our email updates!

It is proposed that all virtual currency exchanges be subject to the following requirements: The scope of the CRS is far broader than the existing intergovernmental agreements.

JFSC – JFSC to hold Business Plan Presentation

The Ogier website can be accessed at www. Virtual currencies and financial technology regulation Following a JFSC consultation in Summerlegislation relating to the regulation and supervision of virtual currency exchangers ie, those that exchange fiat money for virtual currency is expected to come into force in Advertising Busuness details on advertising in the City Magazine and online are available in our Media Pack.

  DISSERTATION SUR LE PLAN MARSHALL ET LA BIPOLARISATION DU MONDE

You need to be logged in to make a comment.

jfsc business plan 2016

This will provide welcome clarity for local service providers and their advisers, and should remove the uncertainty as to the JFSC’s notification requirements.

Register now for your free newsletter. It is proposed that: Jersey substance proposals — company perspective More articles.

Funds legal and regulatory update – Newsletters – International Law Office

Businesslife Wealth edition. Your comment has been sent.

jfsc business plan 2016

All virtual currency exchanges will be subject to the Anti-money Laundering and Counter-terrorist Financing Handbook. The proposal suggests that the codes explicitly state that all required notifications be provided to the JFSC in writing and that this requirement can be satisfied b y email. The proposal set out in the JFSC’s October 21 policy document is modelled on the Jersey money service business regime.

However, it is proposed that the codes of practice for certified funds be busijess in relation to complaints, including requiring funds to:. However, it is proposed that the codes of practice for certified funds be updated in relation to complaints, including requiring funds to: All you need to do is sign up for our newsletter.

jfsc business plan 2016

As such, it may be necessary to appoint a money plna compliance businese and money laundering reporting officer and put policies and procedures in place in order to prevent and detect money laundering and terrorist financing. Just sign up for our email updates! The information contained in the form will be used to assist in the JFSC’s supervision of fund service businesses.

These returns are then shared with the competent authority of the account holder’s resident jurisdiction.

You’ll receive a daily summary email of new items which have been published. Consumer complaints Following the establishment of the Channel Islands Financial Ombudsman CIFO on November 16the codes that relate to investment, banking and insurance business have been updated to bisiness regulatory requirements on the handling of consumer complaints.

  EMC VPLEX CASE STUDY

ILO is a premium online legal update service for major companies and law firms worldwide. JFSC launches annual business plan Posted: You can update your preferences at any time jfsv registering for a blglobal.

PUBLIC SPEECHES AND PRESENTATIONS

In-house corporate counsel and other users of legal services, as well as law firm partners, qualify for a free subscription. City Edition View more. Legislative updates Virtual currencies and financial technology regulation Following a JFSC consultation in Summerlegislation relating to the regulation and supervision of virtual currency exchangers ie, those that exchange fiat money for virtual currency is expected to come into force in Notification requirements It is proposed that all notification requirements set out in the codes be made clear and unambiguous.

As a result, Jersey service providers will need to update their processes in respect of the CRS. The form should be completed by all registered persons that hold a fund service business registration, except for managed entities, which need not complete a return.

Business plan The JFSC unveiled its business plan on February 5detailing its objectives and priorities for and beyond. Additional changes Other changes include amending the introduction of the codes and updating them to include the new civil penalties regime and the definition of anti-money laundering legislation.

Author: admin