Mrs Julie Elizabeth Zingiloglu (formerly McClafferty) (2020-02-04)

Summary

This is a public statement issued by the Jersey Financial Services Commission announcing the withdrawal of regulatory directions previously issued against Mrs Julie Elizabeth Zingiloglu (formerly Ms McClafferty). It documents the history and final resolution of an individual enforcement matter and imposes no new ongoing requirements on the industry.

• 2014 Directions: JFSC prohibited Ms McClafferty from working at any registered person under Article 23(1) of the Financial Services (Jersey) Law 1998 and equivalent provisions of other regulatory laws.
• 2016 variation: The Board of Commissioners reduced the scope of the directions to prohibit her only from holding a principal person or key person position at any registered person.
• 2019-2020 withdrawal: Following her application and evidence of training, continuing professional education and current supervision arrangements, the JFSC withdrew the 2016 Directions in their entirety on 24 January 2020.
• Conclusion: The JFSC concluded it is no longer necessary or proportionate to maintain directions against Mrs Zingiloglu under the FS(J)L or other regulatory laws.