Sound Business Practice Policy — Jersey Financial Services Commission

Where an pastime is regulated in Jersey and never in the ‘target market’, the JFSC has the proper to decline the incorporation/institution. In addition, the JFSC has the right to decline an incorporation/institution if, in particular, the jurisdiction appears on the JFSC’s published list of international locations, and the country wherein the enterprise is being carried out has an indicator against it Appendix D2 nations and territories diagnosed as proposing higher risk, unless the applicant can show that the indicator overstates the danger profile, during which case the JFSC can be willing to accept as true with the incorporation/institution designation as ‘high risk undertaking’.