JFSC publish 12 consultations and other outreach communications for 2025

The JFSC has shared its consultations and outreach initiatives for the year ahead, although the dates may be subject to change.

1. Sustainable finance - Consultation
   1. The JFSC will outline the policy approach and seek stakeholder feedback on the proposed Code of Practice enhancements regarding sustainability and business integrity risks. 
   2. May 2025
   3. Six weeks
   4. Consultation
2. Basel III prudential roadmap: 2025 H1 -  Consultation
   1. As part of delivering its Basel III Roadmap, the JFSC will ask for stakeholder input on advanced approaches to credit risk (IRB approaches) and systemic importance, including requirements for systemically important banks to apply the leverage ratio and net stable funding ratio (NSFR).
   2. June 2025
   3. TBC
   4. Consultation
3. NPO data collection portal usage - Other outreach
   1. The JFSC will engage with Independent Proscribed NPOs ahead of migration to the myJFSC portal for 2026 data collection. The JFSC will email relevant entities to inform them of the changes and host a drop-in session in June 2025. 
   2. June 2025
   3. Other outreach
4. High value dealers – Policing the perimeter  - Other outreach
   1. The project aims to highlight the obligation on High-Value dealers to register where such activity is being undertaken, raise awareness of the risks of being targeted by criminals seeking to exploit cash-accepting businesses, and provide guidance on recognising red flags and implementing measures to mitigate these risks.
   2. June 2025
   3. Other outreach
5. Further enhancements to the AML/CFT/CPF Handbook - Consultation
   1. As part of the JFSC MONEYVAL action plan, the JFSC will ask for input on proposed enhancements to the Handbook, which aim to provide clarity and additional guidance.
   2. June 2025
   3. 12 weeks
   4. Consultation
6. Consumer credit - Consultation
   1. The JFSC will be consulting on the policy approach and the proposed Code of Practice for the new consumer credit regime. - Consultation
   2. July 2025
   3. Six weeks
   4. Consultation
7. 2026 fees- Consultation
   1. The JFSC will be consulting on all Regulatory and Registry fees for 2026.- Consultation
   2. August 2025
   3. Five weeks
   4. Consultation
8. Revisions to the JFSC guidance note on LLCs -Consultation
   1. The JFSC will seek stakeholder input on proposals to change its current Guidance on LLCs, potentially opening up wider use of LLCs (subject to all relevant laws).- Consultation
   2. September 2025
   3. TBC
   4. Consultation
9. Transposition of the AIFMD II into Jersey’s AIF code of practice -Consultation
   1. The JFSC will consult on changes to its AIF Code of Practice that consider changing UK and EU regulations concerning alternative fund managers.- Consultation
   2. September 2025
   3. Eight weeks
   4. Consultation
10. Changes to examination reports and consideration of seriousness - Other outreach
    1. In the first half of 2025,
       • The JFSC is piloting changes in the format of its examination reports, which include a risk rating for each examination finding.
       • Separately, the JFSC have reviewed its approach to how the JFSC assess and determines whether the outcome of an examination is potentially serious, which would lead it to consider our regulatory strategy for a firm.
    2. In Q3 2025,
       • The JFSC will provide the industry with an overview of the key report changes and further information on how the JFSC approaches determining seriousness.
    3. September 2025
    4. Other outreach
11. Basel III prudential roadmap: 2025 H2 - Consultation
    1. 1. As part of delivering its JFSC Basel III Roadmap, the JFSC will seek stakeholder input on a fundamental review of the Trading Book (FRTB) requirements, including market risk, trading book, and counterparty credit risk, and the subjects of the October 2024 PRA CPs, including large exposures and securitisations.
       2. October 2025
       3. TBC
       4. Consultation
12. Schedule 2 refresh project -Consultation
    1. 1. 1. The JFSC will consult on changes to the guidelines for interpreting Article 36 of the Proceeds of Crime (Jersey) Law 1999.
             • The aim is to review and enhance the existing guidelines to ensure they are clear and effective while balancing industry needs and Jersey’s international obligations.
          2. October 2025
          3. TBC
          4. Consultation

Source

https://www.jerseyfsc.org/industry/consultations/