The following communication was sent to all Members by Joe Moynihan:

Jersey Finance is grateful for all your feedback in recent weeks which has provided us with a good handle on the key concerns for industry.

Further to our ongoing discussions with the Government and the JFSC, we met with them again earlier this week, in relation to progressing this on behalf of industry.  Please find attached a link to an updated notice which was issued by the JFSC yesterday further to this meeting.

I am also attaching a link to another update which was issued by the JFSC last Friday in respect of the appointment of an anti-money laundering services provider to fulfil the obligations of the relevant person (“AMLSP”).

We will update you as soon as we hear further.

In the interim, the JFSC announced on 19 April an extension of the Schedule 2 registration in respect of Directors and Family Offices to midnight on 31 August 2023. We have clarified with the JFSC that this extension only applies to Directors and Family Offices.

In addition, the JFSC has communicated that it will be hosting a series of drop-in sessions to provide support to Directors who may wish to seek support with completing the registration process.