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   Home > The Commission > General Information > Press Releases > 29 June 2012

PRESS RELEASE 29 June 2012

CONSULTATION ON ADDITIONAL INFORMATION GATEWAYS

Today, the Jersey Financial Services Commission (the “Commission”) has issued a consultation paper which contains proposals for additional statutory information gateways.

The regulatory laws that the Commission operates under state that non-public information that the Commission obtains in the course of carrying out its functions is to be treated as ‘restricted information’ and may only be disclosed by the Commission to third parties in certain circumstances prescribed in the regulatory laws. These circumstances are colloquially referred to as ‘information gateways’.

The consultation paper proposes that the regulatory laws be amended to enable the Commission to disclose restricted information under additional information gateways to:

  • Supervisors of securities markets (such as the Channel Islands Stock Exchange);
  • The European Banking Authority, the European Insurance and Occupational Pensions Authority, the European Securities and Markets Authority and the European Systemic Risk Board;
  • Jersey authorities with licensing, registration or consent functions (such as the Population Office).

The consultation paper, which includes a draft of the legislation that would amend the regulatory laws, can be viewed on the Commission’s website by clicking here.

Hard copies of the consultation paper are also available on request.

Responses to the consultation should be sent to the Commission by 31 July 2012.

- Ends -

For further information please contact: -

John Harris - Director General
Jersey Financial Services Commission
Tel: + 44 (0) 1534 822011
Fax: + 44 (0) 1534 822001
Email: j.harris@jerseyfsc.org


NOTES TO EDITORS

The Commission is responsible for the regulation, supervision and development of the financial services industry in the Island of Jersey for banking, collective investment funds, fund services business, insurance business, general insurance mediation business, investment business, money service business, and trust and company service providers.


 

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