Updates to our 2025 supervisory risk data collection

Summary

This guidance note from the JFSC explains changes to the 2025 supervisory risk data collection (SRDC) exercise, which registered and supervised persons must complete to feed the JFSC's risk-based supervisory model and national risk assessments. It sets out the timeline for the next SRDC request, updates to validation processes, and sector-specific changes, plus a preview of future planned changes to related data collections.

• Submission timeline: The 2025 SRDC will be issued on 2 February 2026 with a 3-month submission window, ending 30 April 2026, later than the 11 April 2025 deadline used for the prior cycle.
• Data validation: MyJFSC portal validation emails will be amended to reference specific question numbers rather than cell numbers, and new prompts will clarify mandatory questions in the workbook.
• Sound Business Policy question: The customer activity question is retained but the underlying list of sensitive/reputational activities is streamlined from 11 to 5, reflecting relabelling of the Sound Business Practice Policy.
• AMLSP supervised persons: Data collection on Schedule 2 supervised persons serviced via an AMLSP continues in the same format as 2024.
• DNFBP group structures: No further data request on DNFBP group structures is planned for the 2025 SRDC while the JFSC's review of prior data continues.
• Prescribed NPO data: Annual data collection continues for Prescribed NPOs: TCB administered Prescribed NPOs report via an Excel workbook, independent Prescribed NPOs via an online survey; this does not apply to independent registered NPOs that are not Prescribed NPOs.
• Fund statistics: Reporting moves from quarterly to annual, with a new annual reporting date of 30 June each year and a submission deadline of 31 July, first due 30 June 2026.
• JPF Annual Compliance Return: The JFSC is considering integrating JPF ACR confirmations (currently submitted in August) into the SRDC JPF workbook, with a possible 2026 implementation; industry feedback invited.
• Wire transfer purpose of payment: Purpose of payment data collection is delayed until at least the 2027 SRDC (collected in 2028), pending ISO 20022 rollout.
• JRA and MONEYVAL items: No additional prudential (JRA) questions or expanded MONEYVAL-related product/activity data will be added for the 2025 SRDC.

Overall this is a guidance/update note rather than a binding rule change, but it fixes concrete dates and formats that reporting entities need to follow for the 2025 SRDC cycle and flags upcoming changes to fund statistics and JPF ACR reporting.

Key obligations

• Reporting entities must submit the 2025 SRDC within the 3-month window after it is issued on 2 February 2026, with a deadline of 30 April 2026.
• TCB administered Prescribed NPOs must continue to provide data via the Excel workbook issued by the JFSC on an ongoing annual basis.
• Independent Prescribed NPOs must continue to provide data via the JFSC's online survey tool annually.
• Schedule 2 supervised persons serviced via an AMLSP must continue providing the same supervisory risk data as collected in 2024.
• Fund statistics reporters must submit fund statistics data annually as of 30 June each year, with submission due within one month, by 31 July.
• Entities completing SRDC workbooks must ensure mandatory questions (as flagged by new prompts) are completed to avoid validation failures.

Applies to

registered persons, supervised persons, trust company business (TCB) providers, AML service providers (AMLSPs), designated non-financial businesses and professions (DNFBPs), non-profit organisations (NPOs), including Prescribed NPOs, Jersey private funds (JPFs), banks and investment businesses (in relation to JRA questions)

Deadlines

• 2 February 2026: 2025 SRDC request to be issued to industry.
• 30 April 2026: Submission deadline for the 2025 SRDC (3 months after issuance).
• 30 June 2026: First annual fund statistics reporting cycle date under the new annual reporting schedule.
• 31 July (annually, one month after 30 June reporting date): Submission deadline for annual fund statistics.
• 2027 SRDC, collected in 2028: Earliest point at which wire transfer purpose of payment questions may be added, pending ISO 20022 implementation.
• 2026 (proposed): Possible implementation of integrating JPF ACR confirmations into the SRDC JPF workbook, subject to consideration and industry feedback.