Jersey Financial Services Commission

Regulator issues firm warning

Jersey's Financial Services Commission (JFSC) has ruled that all advisers working for Jersey businesses registered to give retail investment advice must achieve QCF Level 4 qualifications by the end of this year.

Guernsey and Jersey are in the throes of assessing the latest US Foreign Account Tax Compliance Act (FATCA) proposals and the effect on financial institutions based in each of the centres.

At the same time that Jersey's Financial Services Commission signs a Memorandum of Understanding with the Emirate's Central Bank, a licence to operate on Jersey has been granted to the Abu Dhabi Commercial Bank (ADCB).

A Jersey delegation will be embarking on a tour of mainland China and Hong Kong this week in order to further strengthen ties with Greater China.

Standard Bank's head of Advisory Stockbroking, Neville Falla, has become the first person in Jersey to achieve The Chartered Institute for Securities and Investment's (CISI) new benchmark qualification.

Jersey is to adopt its version of UK RDR regulations by 2014, the island's Financial Services Commission (FRC) has confirmed.

Jerseys Financial Services Commission has appointed a new director of securities to start in mid-September.