The understanding between the two regulatory bodies, which came into effect this month, establishes a framework to exchange information and to help enforcement and compliance with the laws of each jurisdiction.
It is the seventh memorandum of understanding the JFSC has signed this year and brings the total with jurisdictions worldwide to 30.
The director general of the JFSC, David Carse, said, ‘I’m delighted we’ve been able to conclude formal arrangements for sharing regulatory information with a significant European jurisdiction with which Jersey has a number of business links.
It’s the latest in a number of such agreements signed this year and is further evidence of the Commission’s continuing commitment to developing cross-border co-operation.
