Summary
An amendment to the Foundations (Jersey) Law 2009 is expected to
come into force on 1 December this year. Going forwards, a
qualified member will need to file an abridged version of the
foundation's regulations with the Jersey Financial Services
Commission. However, only certain details relating to the operation
of the council and guardian are reportable and the new requirements
expressly exclude any information that would allow any person to be
identified.
Background and Context
The proposed amendment to the Foundations (Jersey) Law 2009 (the
"Foundations Law") is buried within a more wide-reaching
piece of legislation: the Financial Services (Disclosure and
Provision of Information) (Jersey) Law 202- (the "Registry
Law"), which has been passed by the States of Jersey. The
Registry Law is now awaiting Privy Council approval, subject to
which it is scheduled to come into force on 1 December. The
Registry Law reflects a desire to ensure that Jersey is
