RegulationCorporate GovernanceJersey set to hit late filers

Jersey set to hit late filers

Channel Island's financial services commission responds to IMF report by bringing in additional fees

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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