Notification of Regulated Business - Additional Schedule 2 Business

Summary

This is a JFSC notification form used by certain regulated businesses in Jersey to notify the Commission that they intend to carry on, or are carrying on, Schedule 2 business under Article 11(6) of the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008. It applies to persons already registered or permitted under specified Jersey financial services laws who also carry on Schedule 2 (AML/CFT regulated) activities such as financial institution business, DNFBP activities, or virtual asset service provider activities.

• Who must use this form: A regulated business that is a recognized or unclassified fund, or is registered under the Banking Business (Jersey) Law 1991, holds a permit under the Collective Investment Funds (Jersey) Law 1988, is registered under the Financial Services (Jersey) Law 1998, or is authorised under the Insurance Business (Jersey) Law 1996, and intends to carry on Schedule 2 business.
• What must be disclosed: General information about the notifier (name, nature, registration details), a full description of the specific Schedule 2 business activities carried on (financial institution activities, designated non-financial business and professions activities such as casinos, real estate agents, high value dealers, lawyers, accountants, trust and company service providers, or virtual asset service provider activities), and addresses/contact details for registered office, principal place of business in Jersey, and other business locations.
• Declaration required: A signed declaration confirming which Jersey laws or business categories the notifier is registered under (e.g. Banking Business Law, Collective Investment Funds Law, Insurance Business Law, Financial Services Law categories including Fund Services, General Insurance Mediation, Investment Business, Money Service Business, Trust Company Business) and confirming the accuracy and completeness of the information provided.
• Submission method: Completed forms must be submitted by paper post or by emailing the application to authorisations@jerseyfsc.org, with original signatures required.

The form itself does not state a filing deadline or commencement date; it is an administrative notification mechanism tied to the ongoing obligation under Article 11(6) of the 2008 Law to notify the JFSC of Schedule 2 business.

Key obligations

• A regulated business falling within the specified categories (fund, bank, CIF permit holder, financial services registrant, insurance permit holder) that intends to carry on Schedule 2 business must notify the JFSC using this form under Article 11(6) of the Proceeds of Crime (Supervisory Bodies) (Jersey) Law 2008.
• The notifier must select and disclose all applicable Schedule 2 business activities carried on (financial institutions, DNFBPs, or virtual asset service provider activities).
• The notifier must provide accurate and complete information regarding registration details, business addresses, and contact details, and confirm this in a signed declaration.
• Original signatures are required on the submitted form.
• Completed notification forms must be submitted by post/paper or by emailing authorisations@jerseyfsc.org.

Applies to

recognized funds, unclassified funds, banking business registrants under the Banking Business (Jersey) Law 1991, permit holders under the Collective Investment Funds (Jersey) Law 1988, registrants under the Financial Services (Jersey) Law 1998, permit holders under the Insurance Business (Jersey) Law 1996, designated non-financial businesses and professions (casinos, real estate agents, high value dealers, lawyers, accountants, trust and company service providers), virtual asset service providers