Snapshot: How Does The JFSC Gather Information - And Is It Protected?

In order to discharge its functions effectively the JFSC requires a broad range of information, which often comes from the very firms it regulates. Much of that information will be confidential (if not commercially sensitive), meaning firms will want to understand whether it is protected in the JFSC's hands.

This briefing summarises various ways in which the JFSC gathers the information it needs, and outlines the extent of the protections afforded to that information.

How does the JFSC gather information from firms?

It is important that firms provide the JFSC with the information that it reasonably requires: a failure to comply with the JFSC's information requirements (or the provision of false or misleading information) can potentially give rise to regulatory sanction and/or constitute a criminal offence. The following is an overview of ways in which the JFSC gathers information.