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Home News Principal persons, key persons, and AMLSPs upcoming enhancements to myJFSC
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Principal persons, key persons, and AMLSPs upcoming enhancements to myJFSC

17/09/2024

On Monday, 7 October, the JFSC will remove the existing AMLSP workbooks from the JFSC website. To replace them will be 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
  • will still require processing 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.

PRESENTATION OF CHANGES

  • In preparation, the JFSC is holding a demonstration of the four AMLSP forms on Wednesday, 18 September, at 11 am, St Paul’s Centre Main Hall.
  • In addition to answering any questions, this demonstration will provide insight into how these forms aim to impact turnaround times positively.
  • An invitation has been sent out to all affected AMLSPs. If you would like to attend, you can find more information here.

SOURCE

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

JERSEY

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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.  

news disclaimer -

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.