JFSC quarterly Horizon scan update – Q2 2026

To support your planning, the JFSC is now publishing quarterly updates that look ahead to important upcoming publications and developments, including consultations and feedback, examinations, data collections, and legislative and policy updates.

1. Mid-year update
   1. 2026 mid-year update 
   2. The JFSC will be hosting an event in June to give you all the JFSC key updates.               
   3. When 23 June 2026
2. Consultations and feedback
   1. Consultation on phase 1 updates to the JFSC bank licensing policy   
      • Consultation on proposed updates to the JFSC bank licensing policy to support growth in Jersey’s financial services industry, while maintaining high regulatory standards.       
      • Consultation closes 12 June 2026
      • https://www.jerseyfsc.org/industry/consultations/consultation-on-phase-1-updates-to-our-bank-licensing-policy/

1. 2. Consultation on amendments to the JFSC’s civil financial penalty methodology for registered persons             
      • Consultation on proposed amendments to the JFSC methodology for determining the amount of a civil financial penalty imposed on a registered person.   
      • Consultation closes 23 April 2026
      • https://www.jerseyfsc.org/industry/consultations/consultation-on-amendments-to-the-jfsc-s-civil-financial-penalty-methodology-for-registered-persons/

1. 3. Feedback statement on the JFSC consultation on Schedule 2: proposed amendments to the Article 36 guidelines   
      • The JFSC will be providing an update, including key themes, on the JFSC Schedule 2 consultation, before the JFSC full feedback is published.
      • Feedback statement to be published Q2 2026
      • https://www.jerseyfsc.org/industry/consultations/consultation-on-schedule-2-proposed-amendments-to-the-article-36-guidelines/

1. 4. Feedback on the JFSC consultation on the Basel III Prudential Roadmap: large exposures and general matters             
      • Feedback on the JFSC consultation on latest proposals relating to Basel III implementation.
      • Feedback to be published Q2 2026
      • https://www.jerseyfsc.org/industry/consultations/consultation-on-the-basel-iii-prudential-roadmap-large-exposures-and-general-matters/  

1. 5. Consultation on the reliance framework           
      • Follow-on consultation following the feedback from the Government of Jersey’s Reform of Jersey’s Reliance Framework consultation.
      • Consultation to open Q2/Q3 2026
      • https://www.gov.je/Government/Consultations/pages/relianceframeworkreform.aspx

1. 6. Consultation on the Money Laundering Compliance Officer role         
      • Follow-on consultation following the feedback from the Government of Jersey’s Money Laundering Compliance Officer role amendments consultation.
      • Consultation to open Q2/Q3 2026

3. Examinations
   1. Trust company services provider and financial services business sector feedback
      • The JFSC have completed prudential reviews of trust company service providers and financial services businesses, and will be issuing feedback.
      • Feedback to be published Q2 2026

1. 2. 2025 financial crime examination feedback
      • The JFSC key findings from the financial crime examinations conducted in 2025.
      • To be published Q2 2026
      • Read more about the JFSC 2026 examination themes. https://www.jerseyfsc.org/industry/examinations/examination-programme/

4. Other regulatory and legislative updates
   1. Control of Borrowing Order
      • A set of Control of Borrowing Order reforms has been proposed.
      • Implementation April 2026

1. 2. 2025 supervision risk data collection
      • The JFSC have begun the JFSC 2025 supervision risk data collection.
      • Submission deadline 30 April 2026
      • https://www.jerseyfsc.org/news-and-events/read-our-updates-to-the-2025-supervisory-risk-data-collection/

1. 3. AIFMDII
      • The JFSC will now move forward with publishing the JFSC amended EU-focused code ahead of EU AIFMD II’s effective date on Thursday, 16 April.
      • Implementation 16 April 2026

1. 4. Complex structures guidance update
      • The JFSC have updated sections 4.8, 7.8, and 10.6 of the AML/CFT/CPF Handbook to provide clearer, more practical guidance on complex structures and enhanced criminal background checks.
      • Implementation 31 May 2026

1. 5. Criminal background checks guidance update
      • Codes in Sections 10, 11 and 15 of the enhanced Handbook will come into effect
      • Implementation 31 May 2026

SOURCE

https://www.jerseyfsc.org/news-and-events/jfsc-quarterly-update-q2-2026/