Financial Services and Markets Appendices to the Minutes of Evidence


ANNEX

Extract from Jersey Financial Services Commission Investment Business (Jersey) Law 1998 Code of Practice.

COMPLIANCE

  3.6 Paragraph 3.1.4 also includes the requirement for a registered person to designate an appropriately qualified individual, by experience and/or examination, as its compliance officer.

  3.6.1 Duties can be delegated either internally or externally.

  3.6.2 The compliance officer is responsible for:

  3.6.2.1 ensuring the registered person has robust arrangements for compliance with Law, any Orders made under it and the Codes;

  3.6.2.2 securing appropriate monitoring or operational performance and promptly instigating action to remedy any deficiencies; and

  3.6.2.3 providing the principal point of contact on regulatory matters.


 
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Prepared 14 May 1999