Another JFSC update on offering greater clarity to the SCH2 remodelling – more to come?
The JFSC has issued its second update on the need for greater clarity on the effect of the Sch2 remodelling.
Maybe more changes are to come?
The first was to do with NEDS:-
- Update: Exemptions and the Transitional Period – Non-Executive Directors
Today, the second [March 29, 2023], is to do with:-
- Exemptions and the Transitional Period – Private Trust Companies and Family Offices
On the March 29, THE Private Trust Companies and Family Offices JFSC update says
- Thank you to all of you who have been working with us on finalising the requirements for PTCs and Family Offices post-June 30.
- We are aware there is a need for greater clarity and additional information ahead of the transitional period concluding on June 30 2023.
- This is currently being worked on with the involvement of representatives from Industry.
- We expect to publish this guidance no later than April 28.
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