JFSC offers out-of-hours service to meet deadline

Tuesday 13 June 2017

Jersey registered companies are being warned that they have until the end of this month to ensure they submit beneficial ownership and control information to meet the UK Government’s deadline - and the JFSC is opening out of hours to help meet the deadline.

Locally registered companies have until 30 June to submit a C17S form in order to satisfy the agreement signed between the Island and the UK in 2016 to enable, on request and in appropriate circumstances, the sharing of information to international law enforcement and tax authorities.

JFSC Director of Registry, Julian Lamb commented: “We are grateful to all those local residents who have filed their forms already as we appreciate that this is a new and complicated obligation. We urge all those outstanding companies to comply with this legal requirement by submitting their information by 30 June. This is an Island mandate and meeting this deadline is vital to upholding Jersey’s reputation and our leading position for Beneficial Ownership transparency.”

With three weeks remaining until the deadline, the JFSC’s Companies Registry has so far received 5,438 C17S submissions from local residents (65%), leaving an estimated 2,985 outstanding (35%).*

*These figures do not include filings from registered companies administered by trust company businesses which are the subject of a separate process.

To assist Islanders with completing the C17S form, the Companies Registry is running additional out- of-hours “drop in” sessions from 17:00 to 19:00 on Tuesdays (13, 20, 27 June) and Thursdays (15, 22, 29 June). There will also be sessions on Saturday 17 and 24 June between 09:30 and 12:30.

The JFSC will also continue to run sessions within normal business hours Monday to Friday and additional guidance is also available here on the JFSC’s website.