Jersey set to hit late filers

Jersey is set to get tough on late filers with the proposed introduction of
additional penalty fees, following a review of its financial regime by the
International Monetary Fund.

The Jersey Financial Services Commission recently published a consultation
paper that proposes levying additional fees for the late payment of fees and
late filing of official documents to the Commission.

The proposals come as a direct result of findings by the IMF following a
review of Jersey’s oversight of the financial services industry in 2002.
Responses to the consultation should be provided in writing by 27 June.

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