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Jersey signs cooperation agreement with Liechtenstein

By Kirsten Hastings, 15 Aug 16

The Jersey Financial Services Commission (JFSC) has signed a memorandum of understanding with Liechtenstein’s Financial Market Authority (FMA) to cooperate on supervisory matters, information exchange and the oversight of regulated firms.

The Jersey Financial Services Commission (JFSC) has signed a memorandum of understanding with Liechtenstein's Financial Market Authority (FMA) to cooperate on supervisory matters, information exchange and the oversight of regulated firms.

John Harris, director general of the JFSC, said: “With the similarity and extent of issues and challenges in financial services for both Jersey and Liechtenstein expected to increase in the coming years, it is important that the JFSC and the FMA are in a position to co-operate closely.

“This memorandum will assist in that regard as it provides a formal framework for the exchange of regulatory information and mutual assistance. We understand each other and we already work effectively together so this agreement reinforces yet further an already excellent relationship.”

The JFSC has MoUs (either on a bilateral or multilateral basis) with regulators in over 90 countries.

Tags: Jersey | Liechtenstein

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.