Jersey Financial Services Commission
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| Agency overview | |
|---|---|
| Jurisdiction | Jersey |
| Headquarters | 14-18 Castle Street, St Helier, Jersey 49.1847°N 2.1109°W / 49.1847; -2.1109 |
| Employees | 140 (2018) |
| Annual budget | £17 million (2018) |
| Agency executives |
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| Website | jerseyfsc |
The Jersey Financial Services Commission (JFSC) is the regulatory body for financial services in Jersey. It is also the Registrar of Companies for Jersey.
History
The JFSC was set up as an independent body by law in 1998. Its responsibilities include the regulation of the banking and finance sectors, the registration of companies in Jersey, and "promoting the Island as a centre for financial services". The law was later amended to remove the latter mission. Since then, the commission has been responsible for the implementation of the gradually tighter regulation of the offshore financial activity in Jersey, under international pressure against money laundering and tax avoidance.