JFSC update - Submitting financial statements to the JFSC? Don’t forget to validate your data.
19/04/2024
The JFCS has issued the following notifications as it approaches the busiest time for financial statement reporting.
- They say they are seeing some issues with figures in the myJFSC financial statements form not matching the form of rounding used in the financial statements.
- They remind all regulated businesses to make sure they validate the data in their myJFSC financial statement forms before submission.
- They suggest firms should.
- Read their guide to submitting financial statements and associated documents on myJFSC. –
- https://myprofile.jerseyfsc.org/help/financial-statements-guidance/
- https://myprofile.jerseyfsc.org/globalassets/a-guide-to-submitting-financial-statements-and-associated-documents-on-myjfsc.pdf
- Report difficulties using “myJFSC” or email regulatorymaintenance@jerseyfsc.org
Further they offer the following suggestion and example:-
- Businesses should double check that the figures they are reporting align to the form of rounding used.
- For example, if a business has the below information recorded in their profit and loss statement, the answer to the question “Confirm the form of rounding used in preparation of the Financial Statements*” should be “,000s(thousands)”.
This above process
- Does not apply to entities.
- with a deposit-taking licence or
- that are regulated funds.
- Does not include Companies Registry filings.
Source
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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.