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ARTICLE · 04 MAY 2020

Channel Islands Regulators COVID-19 Guidance

Carey Olsen
Carey Olsen
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The regulators in the Channel Islands, the Jersey Financial Services Commission (JFSC) and the Guernsey Financial Services Commission (GFSC), have relaxed certain requirements in order to alleviate...

JerseyCoronavirus (COVID-19)
Carey Olsen
Carey Olsen
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The regulators in the Channel Islands, the Jersey Financial Services Commission (JFSC) and the Guernsey Financial Services Commission (GFSC), have relaxed certain requirements in order to alleviate some of the current pressures faced by regulated businesses and provided guidance on which regulatory requirements should be prioritised.

JERSEY

Deadlines – the JFSC has extended the deadlines for the submission of audited financial statements by 3 months, subject to notification of the JFSC within 10 business days of the original deadline. The submission of fund statistic returns for Jersey collective investment funds and fund services businesses have also been extended to 40 business days after the quarter end (previously 20 business days) and the supervisory risk date collection exercise deadline has been extended to 30 April 2020.

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