Jersey Financial Services Commission (JFSC) published its action plan on 27 November in response to Jersey’s 2024 MONEYVAL Mutual Evaluation Report.
The island regulator said the plan explains how it will address the report’s recommended actions that are specifically for the JFSC to complete. It does not include recommendations that it will work on with other Jersey authorities.
The plan was created with input from industry bodies, the Government of Jersey’s Financial Services Team, and other agencies and has been developed to support a smooth and effective implementation of the recommendations, the statement said.
“Some recommendations need more data before we can decide on solutions and timelines, and the plan highlights these areas. Priorities and deadlines may change based on national developments and our ongoing work with other agencies.
“We will continue to prioritise engagement with industry bodies, members of the financial services industry, the Government of Jersey and other Jersey authorities as we move forward with this plan. We will also provide updates on our progress.”
Read the JFSC action plan here, in response to Jersey’s 2024 MONEYVAL Mutual Evaluation Report
