Jersey's Consumer Credit Regime: An Update

On 31 March 2026 the Government of Jersey launched a consultation on the secondary legislation proposed to support Jersey's consumer credit regime. The Financial Services (Jersey) (Amendment) Law 2025, which was adopted by the States Assembly in July 2025 and received Privy Council approval in November 2025 amends the Financial Services (Jersey) Law 1998 (FSJL) to introduce enhanced protections for consumers while establishing a proportionate approach for industry. The changes were summarised previously in our earlier briefing, which can be found here.

We previously explained the regime will be supported by secondary legislation, which will look to introduce a 'two tier approach' to regulation. A central component of the draft secondary legislation is the Draft Financial Services (Wider Consumer Credit Business) (Jersey) Regulations 202- (Wider Consumer Credit Regulations). The Wider Consumer Credit Regulations are effectively the previously anticipated "unfair terms regulations" and