According to the Jersey Financial Services Commission, on Thursday, the jurisdiction signed a Memorandum of Understanding (MoU) with the International Organisation of Securities Commissions (IOSCO).
The MoU, which was initially agreed last year, is designed to combat securities and derivatives violations. It obliges signatories to share information about the illegal use of their securities and derivatives markets with each other.
In signing up to the MoU, Jersey joins another 24 members. However, according to the JFSC, the island is one of the first offshore finance centres to join.
"By signing this memorandum with IOSCO, Jersey reinforces its status as a leading international financial centre and gives international investors greater confidence in the island," JFSC compliance director, John Pallot explained.
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