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Draft Financial Services (Amendment Of Law) (No.6) (Jersey) Regulations 202-..pdf

P.54-2023 re-issue.pdf
Preview of Draft Financial Services (Amendment of Law) (No.6) (Jersey) Regulations 202-.
🔗 Source: statesassembly.gov.je
📊 Size: 834 KB
👤 Author: Legislative Drafting Office, Jersey
⬇️ Downloads: 72

Summary

The Jersey government proposes amendments to the Financial Services (Jersey) Law 1998, introducing "arranging" as a new regulated financial service business for the retail market and "operating an investment exchange" as a new form of financial service business. The amendments also clarify and update definitions in Schedule 1 to align with UK FCA MiFID II definitions. The changes aim to modernize Jersey's investment business regulatory regime, provide additional consumer protections, and facilitate the adoption of a regulatory framework for investment exchange business. The Jersey Financial Services Commission has undertaken consultations, and industry is now supportive of the amendments.

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Description

The Jersey government proposes amendments to the Financial Services (Jersey) Law 1998, introducing "arranging" as a new regulated financial service business...

Technical Information

  • File Format: PDF
  • File Size: 834 KB
  • Pages: 15
  • Language: EN
  • Author: Legislative Drafting Office, Jersey
  • Total Downloads: 72
  • Last Updated: 3 months ago

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