The latest Consultation Paper (No. 10, 2018) from the Jersey Financial Services Commission (“the JFSC”) has floated the proposal that regulated en...
Tiptoeing through tipping-off in Jersey
The Proceeds of Crime and Terrorism (Tipping Off – Exceptions) Regulations 2014 (“the Regulations”) have been in place for a while now but after...
Investing in the emerging medical marijuana market
I should start with a caveat – I’m not a lawyer and I wouldn’t dream of claiming to be able to give legal advice. But I do spend quite a lot of...
Board effectiveness reviews
Revisions to the Codes of Practice in March 2018 included a new requirement that all aspects of a registered person’s corporate governance arrangem...
Presentation to the JCOA
Presentation to the JCOA On 6 June 2017, we spoke to members of the Jersey Compliance Officers Association on the subject of "Conflicts of In...
Conflicts of interest – the Compliance Officer has client-facing responsibilities
There are many difficulties facing anyone fulfilling the role of a key person, whether a Compliance Officer, Money Laundering Reporting Officer (“M...
Conflicts of interest – a director holds the same investment as a client
In this example, a director has invested into the same company / joint venture / property development etc as a structure under the administration of ...
Conflicts of interest – a client is a shareholder of the business
Under our first scenario, a shareholder of the regulated business is also a client of the business. This is not an uncommon occurrence in Jersey. ...
Conflicts of Interest
Introduction Conflicts of interest are all-pervasive in the finance industry yet their effective management seems to be an area where many busines...