JFSC publish FAQs to support firms with common AUTHORISATION queries

The JFSC published a set of frequently asked questions (FAQs) to help regulated firms find clear answers to common questions that the JFSC  Central Authorisations team receives.

These FAQs bring key guidance into one place so you can find answers quickly and reduce follow-up questions.

• Please read The JFSC  Central Authorisations FAQs.
• https://www.jerseyfsc.org/central-authorisations/central-authorisations-frequently-asked-questions/ s cover?

What does the FAQ

The FAQs cover:

• Common questions about Schedule 2 registration and revocation
• Guidance on myProfile submissions and expected timelines
• Support with myJFSC and myProfile related queries, including locating documents
• Clarity on updating information for anti-money laundering service provider roles and Schedule 2 certificate holders
• Help with Jersey Private Fund and Alternative Investment Fund revocation processes

FAQ

• Please review the FAQs before contacting The JFSC, as many common issues are now addressed directly. This will help you get the information you need more quickly and reduce delays in progressing applications. The JFSC  will update the FAQs as new themes emerge. Please read The JFSC  Central Authorisations FAQs.
• https://www.jerseyfsc.org/central-authorisations/central-authorisations-frequently-asked-questions/
• These FAQs provide clear answers to the questions the JFSC  Central Authorisations team receive most often. The JFSC  add new questions as themes emerge.

1. What should I do if I’m unsure whether a client needs to register with the Jersey Financial Services Commission (JFSC)?

• The JFSC  happy to discuss all aspects of the application process with you. This includes pre-application meetings to review your proposed activities and any relevant legislation, as well as meetings during the application to discuss requirements, timelines, and any case-specific considerations.
• The JFSC is available to meet in person or remotely, whichever you prefer. You can also call the JFSC  team on 01534 822020.
• The JFSC  still recommend obtaining independent Jersey legal advice to ensure that any client-specific structures are assessed correctly.

2. Why does selecting ‘other’ on the Schedule 2 Revocation Form on myJFSC take longer to process?

• Selecting 'other' requires additional review to understand the rationale, which can extend processing times.
• The JFSC seen cases where ‘other’ is selected even when another category more accurately reflects the situation. Choosing the most suitable category helps the JFSC  process your request more quickly.
• If you have feedback on the categories or the form, please let The JFSC  know. It helps the JFSC  consider future improvements.

3. Where can I find certificates, licenses, and invoices that are listed as 'available on myJFSC'?

• All documents linked to a form appear in the same area of myJFSC. After you select the relevant entity, you’ll see the following links:

• Certificates are available under ‘documents’. For example, if you select the anti-money laundering service provider (AMLSP) or Designated Service Provider entity, you’ll find all certificates and invoices for your underlying Schedule 2 clients in their respective ‘documents’ and ‘invoices’ folders.
• If you cannot find a document, please email the JFSC Central Authorisations team.

4. I want to update details for a Schedule 2 certificate holder. How do I do this?

• Most Schedule 2 and AMLSP updates must be emailed to the Central Authorisations team. AMLSP workbooks are no longer accepted.

Principal Persons

• For firms with or without an AMLSP, please email the notification of change form to the Central Authorisations team. Please include dates of birth and addresses.

Changes to Key Persons:

• If an AMLSP is appointed:
• incoming key person roles should be submitted through the AMLSP Key Person form
• for key persons ceasing their role, email the Central Authorisations team
• If no AMLSP is appointed:
• Use the notification of change form for both new and ceasing key persons
• Email the completed form to the Regulatory Maintenance Team

Name changes

• For firms with or without an AMLSP, notify the Central Authorisations team by email.
• A fee applies to issuing a revised certificate, and the amount varies depending on whether an AMLSP is appointed or on the entity's underlying activities.
• You can view the current fees in the JFSC  2026 fees notice.

Additional activities

• Instead of submitting a new application form (either Schedule 2 Direct or AMLSP), please email the Central Authorisations team with:
• Details of the additional activities
• The reason for the change
• Any related personnel changes
• Confirmation that your policies, procedures and business risk assessment have been reviewed or updated
• There is no fee for an additional activity application.

5. How can I ensure a smoother process when filing a JPF Change of Designated Service Provider (DSP) form?

1. To help the JFSC  process a change of DSP efficiency:
   1. Submit the form two weeks before the transfer date, when possible
   2. confirm whether any other roles will also transfer to the incoming DSP, such as:
      • Fund administrator
      • Custodian
      • Any other connected service roles

6. When should I submit a myProfile application? The myProfile section mentions a six-week timeline. Does this always apply?

• The six-week timeframe applies only to people completing a myProfile application for the first time.
• The JFSC  have recently introduced an automated myProfile review. This means individuals who have already been assessed may have their applications processed directly, significantly reducing timelines.

Recommendation

• If your entity application requires connected myProfile submissions, submit the myProfile applications at least two weeks before the entity application. This helps ensure smoother processing.
• For help completing a portal application, visit the ‘help’ section of myProfile.
• You can also see the JFSC guidance on how to make your application more efficient for quick approval.

New requirements

• New criminal background check requirements take effect from 31 May 2026.
• The JFSC  will publish separate guidance to support this.

7. I want to revoke a Jersey Private Fund, but the fund also has an alternative investment fund and a Schedule 2 registration. What is the process?

• Submit the Jersey Private Fund (JPF) revocation first.
• If the Alternative Investment Fund (AIF) also needs to be revoked, include this in the same submission, in the free-text box or by uploading the relevant documents.
• If the Fund is to continue but needs a revised consent to be treated as anything other than a Fund, review which special purpose vehicle (SPV) forms may be necessary. Email both the Central Authorisations and SPV teams to ensure a smooth transition process.
• Once the JPF revocation has been approved, you can request the Schedule 2 revocation through the AMLSP form (if an AMLSP is appointed) or by emailing authorisations@jerseyfsc.org if no AMLSP is appointed.

8. The JFSC  want to submit a form for an existing entity, but it isn’t appearing in the dropdown list. What should the JFSC  do?

• Please email the Central Authorisations team, and the JFSC  will look into the issue for you. For any myProfile issues, please include screenshots. This helps the JFSC  understand the problem quickly and provide the best support. 

Source

https://www.jerseyfsc.org/central-authorisations/central-authorisations-frequently-asked-questions/