Jersey has recently become part of the geographical scope of the direct debit and credit transfer schemes of the Single Euro Payments Area (SEPA) administered by the European Payments Council. Banks in Jersey are now able to apply to join the SEPA schemes. However, participation in the SEPA schemes is not mandatory: whether to join…
Read moreThe Jersey Financial Services Commission (JFSC) signed a Memorandum of Understanding (MoU) with the Liechtenstein Financial Market Authority (FMA) on 11 August 2016, which puts in place a formal mechanism to enable the regulatory authorities to co-operate on supervisory matters, exchange information and apply oversight of regulated firms in order to maintain the stability and…
Read moreThe Jersey Financial Services Commission (JFSC) today welcomed the recommendation that the European Securities and Markets Authority (ESMA) made to the European Parliament, Council and Commission it should be amongst those ‘third countries’ granted an (Alternative Investment Fund Managers Directive) AIFMD passport. The JFSC has fully engaged with ESMA and has been working closely with Member State…
Read moreThe Swiss Financial Market Supervisory Authority (FINMA) and the Jersey Financial Services Commission (JFSC) have agreed to improve collaboration in the supervision of financial services firms.
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