JFSC publishes 2018 Annual Report

Posted: 03/07/2019

JFSC Annual Report 2018The Jersey Financial Services Commission has published its 2018 Annual Report, which marks 20 years as the island's financial services regulator.

• Collected 2.7 million data items as part of its supervisory risk data collection exercise, in support of the National Risk Assessment 
• Completed restructure of supervision division to enhance risk-based approach
• Launched online tool to transform Jersey Private Funds applications process
• Approved 340 new regulatory licences across all sectors
• Expanded Jersey's investment business regime to include the regulation of advice on transferring out of defined benefit pension schemes
• Collaborated with government on completion of statutory review of mutual Crown Dependencies, Overseas Territories and UK Exchange of Notes
• Appointed Martin Moloney as Director General and Mark Hoban and Monique O’Keefe as Commissioners

• Slight increase in the number of discretionary investment management clients, with 14,795 reported at the end of December 2018
• Slight increase in the assets under management to £23.6bn
• Drop in the number of qualifying segregated managed accounts (QSMA) during 2018, from 22 at the end of 2017 to 16 at the end of 2018
• Assets under management in QSMA, however, remained fairly constant with £1.5bn compared with £1.6bn at the end of the previous period

• Total net asset value (NAV) of funds under administration in Jersey stands at £319.9bn
• Jersey has 963 regulated collective investment funds
• There are 55 Private Placement Funds with a reported collective NAV of £3.2bn
• Following the launch of the Jersey Private Fund Guide in April 2017, 202 funds were approved by year end

Capital markets
• Jersey-listed companies on global exchanges held a total combined market capitalisation of £221bn (£323.42bn in 2017)
• Jersey has 86 companies listed on global stock exchanges
• Jersey has the greatest number of FTSE100 and AIM companies registered outside of the UK

To view the Annual Report click here

Add a Comment

  • *
  • *
  • *
  • *
  • Submit

Want to know when we publish new content?

All you need to do is sign up for our newsletter.You'll receive a daily summary email of new items which have been published.

Please be advised that the volume of Business News articles which we publish is fairly high and you should expect to receive an email most days.

You can update your preferences at any time by registering for a blglobal.co.uk account and visiting the 'Your Profile' page.


It's easy to stay current with blglobal.co.uk.

Just sign up for our email updates!

Yes please! No thanks!