Service notice – myRegistry and our Security Interests Register will be unavailable due to scheduled maintenance from 10:00am until 6:00pm on Saturday 29 November and 6:00pm on Tuesday 2 December until 2:00am on Wednesday 3 December.

Our strategy

Our Strategic Framework for 2021-2024 outlines our long-term vision and key areas of focus for delivery.

Our vision

To be a high performing regulator, building for the long-term success of Jersey.

Our top strategic priority

Achieving sustainable, long-term excellence in regulatory effectiveness, and increased capability for the island in combatting financial crime.

Our strategic anchors

Three strategic anchors provide the lens through which we make our decisions:

  • Facilitate business integrity
  • Harness technology and influence the digitalisation of financial services
  • Develop our people, systems and capability to be a high performing organisation

Progress in 2023

In 2023 we undertook significant activity to drive our strategy forwards. Preparation for Jersey’s Moneyval assessment remained a core focus area, with substantial work throughout 2023 both in the build-up to the onsite review in October and beyond it, as we moved into the receipt and review stage of the process.

Our Moneyval assessment preparation involved all divisions of the JFSC and saw developments at a strategic and operational level. We continued to deliver a substantial industry engagement programme, including outreach to individuals and organisations impacted by new or evolving regulatory regimes, alongside ongoing development of our policies and guidance to ensure alignment with international standards.

2023 also saw the delivery of the National Risk Assessment for Legal Persons and Arrangements, and updates to the Terrorist Financing and Money Laundering National Risk Assessments. The JFSC provided significant support in the completion of these assessments.

While we applied significant focus and resource to the Moneyval assessment and to building Jersey’s financial crime prevention capability across 2023, this work was accompanied by progress in other key strategic areas. Through our digital transformation core workstream we delivered a range of improvements to the myJFSC portal, including improvements to the limited liability company online form, moving investment business data collections to the portal, enabling entities to administer their own users and roles, and introducing new chat functionality. We also introduced the new supervisory bodies and material change online application forms.

Our people strategy also continued to develop at pace, with modernised approaches to recruitment, performance management, career pathways, reward and recognition, and culture. We have successfully grown our headcount, reduced time to hire and reduced our turnover rate.

2024 will be a significant year for the JFSC and for Jersey more widely. The substantial progress we have made in 2023 has put us in a strong position as we move forward.