Consultation on secondary legislation under the Financial Services (Disclosure and Provision of Information) (Jersey) Law (2020-07-30)

Summary

This is a public consultation issued by the Government of Jersey (Office of the Chief Executive) seeking industry and public comment on secondary legislation to be made under the Financial Services (Disclosure and Provision of Information) (Jersey) Law. The proposed instruments are a draft Order and draft Regulations intended to implement updated Financial Action Task Force (FATF) international standards on anti-money laundering, counter-terrorist financing and proliferation financing, including matters related to beneficial ownership disclosure.

• Consultation type: Green paper consultation running from 30 July 2020 to 4 September 2020
• Draft instruments consulted on: Financial Services (Disclosure and Provision of Information) (Jersey) Order 202- and Financial Services (Disclosure and Provision of Information) (Jersey) Regulations 202-
• How to respond: Submit comments directly to the Government of Jersey contact (Helen De La Cour) or via Jersey Finance, which is collating an industry response; responses sent via Jersey Finance will be shared with Government unless anonymity is requested

As a consultation document, it does not itself impose binding legal obligations; it invites feedback on proposed secondary legislation before it is finalised. A subsequent consultation response and policy paper was published following this process.

Applies to

financial services businesses

Deadlines

• 04/09/2020: Deadline for submitting comments on the consultation