JFSC Drop-in sessions on enhanced criminal background checks
17/02/2025
Further to the Comsure 29 Jan update below on a JFSC consultation paper on “enhancements to criminal background checks for principal and key persons” please be aware the JFSC is hosting drop-in sessions.
- Comsure 29 Jan update = https://www.comsuregroup.com/news/jfsc-consult-on-enhancements-to-criminal-background-checks-for-principal-and-key-persons-290125/
DROP-IN SESSIONS.
- If you need any assistance, clarification or would like to discuss the paper with The JFSC team before responding, they will be hosting the following drop-in sessions.
- The sessions started on 3rd and 11th Feb and will continue through to 24 March 2025 - No booking is required
SOURCE
MORE DETAILS
The JFSC has published [Issued 29 January 2025] a consultation paper on enhancing criminal background checks for principals and key persons.[SEE DETAILS BELOW]
- Consultation on improvements to criminal background checks = https://www.jerseyfsc.org/media/8066/consultation-on-enhancements-to-criminal-background-checks-no1-2025.pdf
The JFSC would like your feedback on the proposals to:-
- Enhance the application process for individuals seeking to be a
- PRINCIPAL PERSON (PP) (which includes directors, beneficial owner[s] controllers and others) or
- KEY PERSON (KP) (including the MLRO), the MLCO and the compliance officer) of supervised persons
- By requiring the provision of
- At first application,
- On defined events and
- A 3-year rolling period
- A certified copy of a current DBS check (or foreign equivalent)
- Require a supervised person to
- Regularly consider whether its PPs and KPs are fit and proper to hold the roles
(together “the Proposed Regime”).
To understand the reasons and drivers of this consultation, please take a look at the following JFSC briefing.
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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.