5 NEW myJFSC forms – X4 AMLSP & X1 Cease to Act for KEY and PRINCIPAL PERSONS.

As part of the JFSC's ongoing efforts to enhance regulatory processes, the JFSC has added five forms to myJFSC.

One form is:-

1. The Cease to Act notification for key and principal persons;

The additional four are application and revocation forms for anti-money laundering service providers (AMLSPs). These forms are: 

2. AMLSP legal person application form
• https://myprofile.jerseyfsc.org/help/amlsp-legal-person-and-arrangement-applications/
3. AMLSP legal arrangement application form
• https://myprofile.jerseyfsc.org/help/amlsp-legal-person-and-arrangement-applications/
4. AMLSP Schedule 2 revocation form
• https://myprofile.jerseyfsc.org/help/amlsp-schedule-2-revocation/
5. AMLSP key person application form

Two forms are designed as straight-through processes.

• The cease-to-act notification for key and principal persons and
• The AMLSP Schedule 2 revocation forms are designed as straight-through processes.

This means you will receive an email acknowledgement once you complete the form.

The other three forms will still require processing by the JFSC.

• These application forms will be processed in five days, although they say they aim to process applications related to Jersey private funds within 48 hours. 

On Monday, 7 October,

• The JFSC will remove the existing AMLSP workbooks from the JFSC website. 

SOURCE

• https://www.jerseyfsc.org/news-and-events/five-forms-added-to-myjfsc/

EARLIER UPDATE -PRINCIPAL PERSONS, KEY PERSONS, AND AMLSPS UPCOMING ENHANCEMENTS TO MYJFSC

On Monday, 7 October, the JFSC will remove the existing AMLSP workbooks from the JFSC website and replace them with myJFSC FORMS.

On 26 September, the JFSC will be adding five forms to myJFSC.

• One form is the JFSC Cease to Act notification for
• KEY PERSONS,
• PRINCIPAL PERSONS,
• The additional four are application and revocation forms for anti-money laundering service providers (AMLSPs).
• AMLSP legal person application form
• AMLSP legal arrangement application form
• AMLSP KEY PERSON application form

And

• AMLSP Schedule 2 revocation form

TIMINGS

• The 1] Cease to Act notification for key and principal persons and the 2] AMLSP Schedule 2 revocation form is designed as a straight-through process.
• This means that once the form is completed, you will immediately receive an acknowledgement from the JFSC.
• The other three forms
• AMLSP legal person application form
• AMLSP legal arrangement application form
• AMLSP KEY PERSON application form
• Processing will still be required on the JFSC side.
• the JFSC expect these application forms to be processed in FIVE DAYS.
• The JFSC aim to process applications related to Jersey private funds WITHIN 48 HOURS.

SOURCE

• https://www.jerseyfsc.org/news-and-events/upcoming-enhancements-to-myjfsc/