Financial services and regulatory: winter update

By Simon Gould

Welcome to the Mourant Ozannes financial services winter update.

The aim of this update is to focus on current legal and regulatory developments affecting financial institutions in Jersey and to provide some brief thoughts on the implications of these developments for your business.

The new year will bring a number of important developments, the most notable being the commencement of the new Security Interests (Jersey) Law 2012 (2 January 2014), the JFSC’s Review of Financial Advice (1 January 2014) and the JFSC’s Revised Codes of Practice (expected to be published in January 2014 and to become effective on 1 July 2014). Progress is also being made towards establishing the Channel Islands Financial Services Ombudsman in 2014…

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