Trust Company Business Fees

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Trust Company Business Fees

The fees payable by Trust Company Businesses in Jersey effective for the period from 1 January – 31 December 2016 have been released by the Jersey Financial Services Commission in Jersey and are contained in the Schedule to the link attached.

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Italy removes blacklisting

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Italy removes blacklisting

As of 1 January 2016, the Italian black list on Controlled Foreign Companies, on which Jersey was listed, has been abolished. The expectation now is that Jersey will be included on the Italian white list as there are mechanisms in place to allow the exchange of information with Italy.

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Ombudsman Updates

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Ombudsman Updates

On 20 January 2016 the JFSC and the Channel Islands Financial Ombudsman (“CIFO”) entered into a Memorandum of Understanding that sets out the areas where they will co-operate and exchange information.

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LLP Law Consultation

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LLP Law Consultation

A new draft law has been prepared that would improve the existing limited liability law in Jersey law and a consultation to industry is taking place.

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