Friday, April 2, 2010
The Jersey Financial Services Commission has launched a consultation on proposed changes to trust company business exemptions with regard to persons undertaking the activity of a director under the Financial Services (Jersey) Law (FS(J)L) 1998.
The consultation paper will be of particular interest to:
The Consultation Paper proposes the following two changes in respect of Trust Company Business exemptions:-
In addition, although not subject to the consultation process, the Commission has taken this opportunity to re-publish the Guidance Note (first published in February 2009) entitled “Natural Persons undertaking the Activity of Acting as a Director under the Financial Services (Jersey) Law 1998”.