Jersey's Non-Profit Organizations (NPOs) Law came into force on 8th August 2008, following the approval of the States of Jersey and the Privy Council.
The aim of the legislation is to bring Jersey law in this area into line with international standards, in order to prevent NPOs from being used for terrorist financing.
The law requires all NPOs to register by 8th November 2008, which they can do by completing a one page document and returning it to the Jersey Financial Services Commission.
Following registration, the Commission will complete a risk assessment of the NPO sector.
NPOs will then be divided into two groups, depending on whether or not an NPO is considered to be “significant”.
In line with international standards, an NPO will be significant where it accounts for a significant portion of the financial resources under the control of the NPO sector in Jersey; and also a substantial share of the sector’s international activities.
A key part of the role of the Commission is to provide outreach to Jersey’s NPOs to help them understand what they need to do in order to comply with the law.
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