Securities (non-fund) forms

Apply for control of borrowing order consent for a non-fund securities issue

If you are a registered Trust Company Business (TCB) applying for a Control of Borrowing Order (COBO) consent on behalf of a security issuer, you can now submit your application quickly and securely online via myJFSC. 

Registered trust company businesses can assign a third-party law firm to assist with the application process. 

To access, complete and submit your application, you will need to log into myJFSC. 

We will continue to accept paper forms throughout 2025 but expect to transition fully to online submissions via myJFSC in 2026. In the meantime, we encourage users to move to our online form for a faster, more streamlined experience.

Guidance 

The following guidance notes should be read in conjunction with your application: 

• Circulation in Jersey of offers for subscription, sale or exchange of securities originating outside Jersey
• Guidance notes for checklist of securities issues for Jersey companies

Getting started 

To access, complete and submit your application, you will need to log into myJFSC and select the relevant submission form:

• Securities Issues for Jersey Companies  
• Memorandum of compliance  
• Circulation in Jersey of offers for subscription, sale or exchange of securities originating in Jersey guidance* 

Assign functionality 

When assigning a submission to a law firm for legal input, follow these steps:

• ensure the law firm user has a myJFSC account - this can be requested via myJFSC
• you will need their email address to assign the form
• the law firm does not need any additional roles
• once legal input is complete, they must reassign the form back to you
• only you, as the TCB, can submit the final application to us 

*Law firms typically deal with the Circulation in Jersey of offers for subscription, sale or exchange of securities originating of Jersey. They continue to be able to do so through their myJFSC account. The assign functionality is therefore less relevant to this application type. 

Submission roles 

To submit these forms, you must hold the role of authorised signatory. 

If you have a portal administrator within your firm, then they can assign the relevant roles.   

myJFSC assignees 

• you can select and complete an application that has been assigned to you 
• when making your application or filing a notification, you have the option to save and close it for continuing with the submission at a later date 
• once complete, you can reassign the draft for approval by the authorised signatory 
• Authorised signatories 
• you can assign the form to a portal user 
• you can select the application or notification that requires sign off 
• you can complete, declare, sign and finally submit it to us 

Queries 

For any queries or help with myJFSC, email: [email protected] 

If you need help with submitting your application, email: [email protected]

Fees 

Each of the above listed applications incur a fee which will be payable on receipt of invoice. Refer to our Registry fees page for more information. 

Securities issues under the control of borrowing legislation 

The policy

The general policy of the JFSC in relation to securities issues is to strengthen further the island’s reputation as a high quality and well regulated financial centre. 

We will normally give consent under the Control of Borrowing (Jersey) Order 1958 to a securities issue provided it is satisfied that the issue is in accordance with the need to protect the integrity of the Island in commercial and financial matters and is in the best economic interests of the Island. 

When considering an application for a Jersey company to issue securities pursuant to the Control of Borrowing (Jersey) Order 1958, we will have regard to: 

The type of investor to whom the securities will be offered

We would not normally expect structured, complex or limited recourse securities issues to be targeted at unsophisticated investors.

We would normally expect securities issues targeted at the general public to be made only by substantial publicly listed companies or subsidiaries thereof and not require specialist knowledge to evaluate.

The parties involved

We will wish to be satisfied that the parties involved have a level of stature, experience and competence commensurate with the significance of their role in the structure.

We will also wish to be satisfied that the parties involved are reputable organisations that will contribute to the Island’s good name.

The issuing company

We will wish to be satisfied that the proposed activity of the securities issuing company will be in keeping with the reputation of Jersey as a financial centre.

Securities issues for Jersey companies guidance notes and forms

These forms will be available in Word format until January 2026 when we will transition to digital submissions only via myJFSC.

Circulation in Jersey of offers for subscription, sale or exchange of securities originating outside Jersey

Checklist for the circulation of offers in Jersey for subscription, sale or exchange of securities originating from outside of Jersey

Guidance notes for checklist of securities issues for Jersey companies

Checklist of securities issues for Jersey companies

Collateralised loan obligation (CLO) refinancing confirmation checklist

Issuers of the initial coin offerings application guidance notes

Checklist for token issues of Jersey companies