Jersey Class G directors are on notice for a March visit….are you [the Class G] ready?
21/02/2023
As part of the Jersey Financial Services Commission’s thematic examination programme for 2023 [published on their website on 25 January 2023], they have written to some [maybe all] class G directors and advised they have been selected for a visit [examination]
The JFSC say in its letter of notice that the primary focus of the examination will be compliance with the applicable parts of the:
- Laws and codes on AML / CTF / CPF,
- Code of Practice for Trust Company Business.
The JFSC says the examination will be in two stages.
- A questionnaire requiring information about the services Class G provide and your compliance arrangements.
- We will also ask the Class G to provide documentation supporting some of your responses.
- A sample of natural persons will be requested to attend a follow-up meeting with JFSC officers during the second quarter of this year, to discuss their compliance arrangements in more detail.
The JFSC will start by sending a questionnaire in early March, which will provide Class Gs with more details about the examination process.
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.