Jersey Compliance Officers' Horizon Scan Work Plan (As of February 9, 2026)

This updated plan focuses on key regulatory and compliance developments and emerging trends that should be on our horizon scan.

Theme: AML/CFT/CPF

• Sector: All Sectors
• March 13, 2026, = MLCO Role Amendments: Consultation on elevating MLCO to management level, risk-based appointments, and separation of roles (open until March 13, 2026). Feedback and potential Order changes expected mid-2026. Action: Submit feedback; update governance structures. (Source: Money Laundering Compliance Officer role amendments - Government of Jersey)
• Thursday 12 February 2026. - Complex Structures Guidance: Follow-on consultation feedback due March 2026. Enhances code for high-risk entities, such as trusts. Action: Assess trust setups for AML gaps; prepare for Handbook integration in May 2026. (Source: Follow-on consultation: AML/CFT/CPF Handbook enhancements complex structures)
• May 31, 2026 - AML/CFT/CPF Handbook Enhancements: Deferred implementation to May 31, 2026 (originally January). Includes usability improvements and criminal background checks for principals/key persons. Feedback paper published November 2025; follow-on consultation on complex structures closed. Action: Review draft Handbook; implement enhanced checks and training by May. (Source: Implementation date for AML/CFT/CPF Handbook enhancements)

Theme: Other (Data, Examinations, Strategy) - General operational and supervisory items.

• Sector: All Sectors
• February 15, 2026 = 2026 Regulatory Fee Collection: Invoices issued January 2026; submissions due February 15, 2026. Action: Complete payments and AMLSP updates. (Source: Fee consultation No. 5 2024 - Jersey Financial Services Commission)
• APRIL 7 2026 - Coordinated Portfolio Investment Survey: Data submission required (announced February 3, 2026). Action: Compile international position data. (Source: Co-ordinated Portfolio Investment Survey 2023 - Jersey Financial Services Commission)
• April 30, 2026, = Supervisory Risk Data Collection: Issued February 2, 2026; deadline April 30, 2026. Includes fund statistics shift to annual (first due June 30, 2026). Action: Submit aggregated data; benchmark against JFSC insights. (Source: Supervisory risk data collection exercise - Jersey Financial Services Commission)
• All year 2026 - 2026 Thematic Examination Programme: Focus on CDD exemptions and complaints. On-site visits are ongoing. Action: Prepare for JFSC engagements; align with revised report formats. (Source: Thematic examination programme 2024 - Jersey Financial Services Commission)
• All year 2026  = JFSC 2026-2030 Strategy: Launched Q1 2026, aligning with Jersey's competitiveness program. Action: Monitor supervisory shifts; attend events like Senior Officer drop-in (March 2, 2026). (Source: JFSC quarterly update - Q1 2026 — Jersey Financial Services Commission)

Theme: Regulatory/Prudential - Covers standards for financial stability, conduct, and sector-specific rules, including Basel III and EU alignments.

• Sector: Banking
• Friday 13 March 2026. Basel III Prudential Roadmap: Ongoing implementation aligned with UK/PRA delays to January 2027. Consultation on large exposures and general matters (closed January 2026); feedback expected Q1/Q2. Includes output floor, systemic buffers. Action: Review exposure limits; prepare for transitional provisions from 2027. (Source: Consultation on the Basel III Prudential Roadmap: large exposures and general matters)
• Sector: Consumer Lending
• Consumer Credit Regulatory Regime: Code of Practice consultation expected Q2 2026, post-Government secondary legislation (November 2025). Regime rollout in late 2026, with a 12-month transition. Action: Register applicable activities; align with conduct rules. (Source: Consumer credit regulation - Government of Jersey)
• H1 2026: JFSC Code of Practice consultation
• Sept 2026: target lodging date for regulations
• November 2026: target date for States Assembly debate on regulations
• Late 2026: commencement, with a 12-month transition period​

Theme: Tax/International Reporting - Emphasises global minimum taxes and crypto transparency.

• Sector: All Sectors/Multinationals
• Pillar Two (MCIT): Effective for fiscal years starting January 1, 2025; 2026 is the first full compliance year. Includes GloBE Information Return (up to 480 data points) and administrative guidance. Action: Register Jersey entities; file returns by deadlines (e.g., 15 months post-fiscal year). (Source: OECD Pillar One and Pillar Two - Government of Jersey)
• Sector: Virtual Assets/Fintech
• Effective January 1, 2026 = Crypto-Asset Reporting Framework (CARF): Effective January 1, 2026. Due diligence/record-keeping for RCASPs; first reporting June 30, 2027 (2026 data). Action: Implement OECD-compliant processes; notify/report via Revenue Jersey. (Source: Crypto-Asset Reporting Framework (CARF) and expansion of the Common Reporting Standard (CRS) - Government of Jersey)