Booking Form


EVENT:
Lines of Defence - How To Manage JFSC Enforcement - 16th March 2016
Pomme D'or Hotel
Jersey

Date: March 16, 2016
Start Time: 12:00 pm
End Time: 1:50 pm
CPD Time: 1.5 Hours
Cost: £80 per person (without discount) - 10% discounts apply for x3 or more booking from the same company


line

We are sorry but registration for this event is now closed.

Please contact us if you would like to know if spaces are still available.


line

Lines of Defence - How to Manage JFSC Enforcement

 

CHATHAM HOUSE RULES

The speaker has requested that this workshop is held under "Chatham House Rules" to allow people to express their views openly and therefore encourage free discussion. With this in mind the audience will be restricted to individuals who work for financial services firms that are subject to JFSC authorisation. Registrations from any other persons/bodies will unfortunately not be accepted.

 

Workshop Scene Setter

Regulatory enforcement seems to be the key issue for 2016, this follows the introduction of civil penalties legislation in June 2015 and a significant number of public statements being issued by the Jersey Financial Services Commission [JFSC], as well as challenges to the issue of public statements proceeding through the Royal Court and the prosecution of a MLRO and the firm for which she worked.

Financial regulation in Jersey is heavily enforcement led which means that regulated entities need to be ready to deal with enforcement action, and with financial penalties also having been introduced enforcement is likely to become more prominent in 2016. In addition, MoneyVal continues to have a significant effect with its feedback triggering some further changes to AML legislation and regulation along with its continued recommendation and desire to see more prosecutions in Jersey.

 

Topics for Discussion

In the 90 minute talk our speaker, Olaf Blakeley, will provide examples of the JFSC's 'tricks of the trade' and examine how to respond to enforcement measures including complying, challenging and resisting.

The first line of defence against the JFSC is the way in which regulated entities respond to enforcement action and the workshop will provide useful guidance to help businesses make informed decisions about early and effective steps they can take which will have a profound effect on the eventual outcome of enforcement investigations.

 

The Workshop will consider:

  1. How to recognise the beginning of the end
  2. How to effectively respond to 'enquiries' by the JFSC
  3. Record Keeping and document management during an investigation
  4. The difference between compliance, challenge, resistance and refusal
  5. The decision making process
  6.  Common JFSC tactics
  7. Fairness
  8. The role of the Royal Court
  9. The role of your advisers
  10. Expert witnesses
  11. FSJL Article 32 and 33 compare and contract and manage accordingly

 

Details

Lines of Defence - How To Manage JFSC Enforcement

  • Date: 16th March 2016
  • Venue: Pomme D'or Hotel
  • Registration: 12:00 pm
  • Start: 12:20 pm
  • Finish: 1:50 pm
  • Cost: £80 per person (without discounts) - 10% discounts apply for x3 or more booking from same company

Other Details

  • 1.5 CPD Hours
  • Sandwich Lunch offered
line