Jersey is positioned outside of the EU for the purposes of financial services, therefore Brexit doesn’t directly affect the way our financial services firms interact with EU markets.
In addition, due to the UK policy of ‘onshoring’ EU financial services legislation and decisions, Jersey’s relationship with the UK on financial services will also remain unchanged, although there may be some operational adjustments.
This month, the Government of Jersey and the Jersey Financial Services Commission (JFSC) issued a statement to Chief Executive Officers of JFSC regulated firms to flag information available to financial services firms to assist with Brexit preparations. The statement also outlines expectations of firms regarding Brexit preparations.
