Jersey FSC Launches Consultation On Fees
The Jersey Financial Services Commission (JFSC) recently published a Consultation
Paper setting out proposals to introduce additional penalty fees. The paper in question proposes additional fees for the late payment of fees,
and for the late filing or delivery of documents that are prescribed by enactment
to be filed with or delivered to the Commission by a defined date. These proposals are a direct result of one of the findings of the International
Monetary Fund during their review of Jersey’s legislative, regulatory
and supervisory regime in relation to the financial services industry, which was
carried out in September 2002. Responses to the Consultation Paper should be provided in writing to either
Jersey Finance or the Commission by 27th June. .
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