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.

Highlights
• 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

Investment 
• 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

Funds 
• 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


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