JFSC is simplifying regulation on UBOs/BOs from Tuesday, 31 March 2026:
31/03/2026
As part of The JFSC Competitiveness Programme, the JFSC is introducing changes that reduce friction and make it easier for you to meet your regulatory responsibilities.
- From 31 March, the BENEFICIAL OWNERSHIP threshold collected on company incorporation rises to 25%, cutting routine admin for low‑risk incorporations
- From 13 April, COBO changes streamline processes and remove several consent requirements
These improvements support a more competitive business environment and clearer industry expectations.
The JFSC included further details on the beneficial ownership changes and their implications for you below and on the JFSC website.
Beneficial ownership: aligning with global standards
- The JFSC are changing the beneficial ownership threshold collected at company incorporation from 10% to 25%, bringing Jersey in line with other international finance centres.
- The Registry Processing Statement will be updated to reflect this change. This change does not require any retrospective updates.
- Existing register information stays as it is until your next routine filing.
Next steps for beneficial ownership
- No immediate industry action is required.
- Update your beneficial ownership records at your next annual confirmation or when you notify us of any change.
Guidance to be updated
- The JFSC will update the following guidance to help you plan for the new 25% threshold, which comes into effect on Tuesday, 31 March 2026:
- Registry Processing Statement = https://www.jerseyfsc.org/industry/guidance-and-policy/registry-processing-statement/
- Beneficial Ownership and Controller guidance = https://www.jerseyfsc.org/industry/guidance-and-policy/beneficial-ownership-and-controller-guidance/
- Associated parties = https://www.jerseyfsc.org/registry/associated-parties/
- Local residents = https://www.jerseyfsc.org/registry/beneficial-ownership-information/local-residents/
- TCSP submissions: how to avoid common pitfalls = https://www.jerseyfsc.org/registry/myregistry-for-regulated-service-providers/tcsp-submissions-how-to-avoid-common-pitfalls/
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.