PRESS RELEASE 5 MAY 2016
Jersey Study Tour to Registry Conference
The Jersey Financial Services Commission (JFSC), supported by the Government of Jersey, is hosting a two day study tour (5-6 May 2016) in Jersey for over 30 registry and regulatory professionals from around the world in advance of the annual global conference of the Corporate Registry Forum (CRF) and European Commerce Registry Forum (ECRF), being hosted by UK Companies House in Cardiff from 9-13 May 2016.
The study tour will discuss global registry and regulatory issues such as cyber security, changing registry systems, environments and legislation. There will also be discussion on topical issues such as registers of beneficial ownership noting Jersey's leading position of a register of beneficial ownership along with a vetting process in respect of not only beneficial ownership but of proposed activities by virtue of a 'Sound Business Practice Policy'.
The study tour also encompasses the first Jersey Secured Transaction Symposium where matters concerning personal property security, also known as security interests, will be discussed. This is following the introduction of a new Security Interests Law for Jersey in early 2014. In addition to the registry and regulatory professional, five world leading academics in the field of personal property security are visiting Jersey for the study tour. These include Professor Sir Roy Goode CBE QC (University of Oxford and adviser to the Government of Jersey), Professor Tony Duggan (University of Toronto - adviser to the Government of Australia), Professor Louise Gullifer (University of Oxford and Director of the Secured Law Transaction Project in the UK), Professor Rom Cuming (University of Saskatchewan and co-author of Cuming and Wood on Personal Property Security Law), Clayton Bangsund (University of Saskatchewan).
The two day event will involve presentations and discussion between members of the JFSC, the Government of Jersey, delegates from visiting jurisdictions, visiting academics and local members of the finance industry in Jersey.
Julian Lamb, Director of the Registry commented:
“The JFSC is delighted to welcome world leading registry experts and specialists to Jersey for the Jersey 2016 Registry Study Tour. It is a testimony to Jersey's standing within international registry fora that such eminent delegates are attending. It is important that where appropriate Jersey adheres to registry standards and practices, registry fora determine these standards and contributes to world class modern policy and guidance being developed in Jersey, the Security Interests legislation, register and guidance being a case in point.”
Senator Philip Ozouf, Assistant Chief Minister, who addressed the study tour this week commented:
“Jersey has been at the forefront on Beneficial Ownership Registers since Colin Powell CBE conceived and implemented the Jersey Central Registry in the late 1980s and I am delighted that the Jersey Government and the Jersey Financial Services Commission have been able to welcome registry experts from around the world to discuss the new developments, opportunities and technical advances for registries and regulatory environments.
For the last 25 years Jersey has been recognised as a global leader on capturing and sharing with law enforcement agencies adequate, accurate, and timely beneficial ownership information on the true owners of Jersey entities. We are keen to share and learn from other countries, particularly at a time of fast-paced global change in this area, it is vital to be able to discuss these important matters with other jurisdictions and demonstrate our strong regulatory position and innovative legislation first hand.
Our expert Registry held by the JFSC, is now extending its work into Security Interests, Aircraft, Trademarks, Patents and in the future potentially Digital ID in the field of FinTech.
I also welcome the opportunity for Jersey to host this important event as part of the Global CRF/ECRF conference in Cardiff next week. It shows the importance of our strong partnership with many counties including the UK, Commonwealth Nations as 'British Jersey'."”
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For further enquiries, please contact:
Head of Communications
Jersey Financial Services Commission
Tel: + 44 (0) 1534 822166