Consultation on the draft Financial Services (Disclosure and Provision of Information) (Jersey) Law 202-

Summary

This is a now-closed public consultation notice from the Government of Jersey (Office of the Chief Executive) on a draft law, the Financial Services (Disclosure and Provision of Information) (Jersey) Law 202-. The draft law was intended to implement updated Financial Action Task Force international standards on anti-money laundering and countering the financing of terrorism and proliferation. The consultation ran from 17 January 2020 to 21 February 2020 and invited stakeholder views on the draft legislation before it proceeded.

• Purpose: To gather industry and public comment on draft legislation implementing updated FATF standards on AML/CFT/proliferation financing disclosure and information-provision requirements.
• How to respond: Comments could be sent directly to the Government of Jersey (Office of the Chief Executive) or via Jersey Finance Limited, which collated an industry response.
• Outcome: The page references a subsequent Consultation Response and Policy Paper, indicating the consultation has since closed and been followed by a formal response document.

As a consultation notice rather than enacted legislation, this document itself does not impose binding requirements on regulated entities; it records the consultation process and deadline for comments on the draft law.

Applies to

financial services businesses subject to Jersey AML/CFT requirements

Deadlines

• 21/02/2020: Deadline for submitting comments on the draft Financial Services (Disclosure and Provision of Information) (Jersey) Law 202- consultation