JERSEY: PROPOSED CHANGES TO DECISION-MAKING PROCESS FOR IMPOSING REGULATORY SANCTIONS

On 7 July, the Jersey FSC launched a public consultation after a recent review into the process the FSC follows for deciding whether a regulatory sanction should be imposed at the conclusion of an enforcement case.  It is proposing to make some changes to streamline how we reach these decisions for imposing regulatory sanctions, which can include a civil financial penalty (or fine). The changes, it says, are designed to make the process quicker and less complex, as well as reduce costs for the FSC, businesses and individuals.  The closing date is 1 September.

https://www.jerseyfsc.org/industry/consultations/dmp-consultation/

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page where you can do so, and where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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