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Joel Hernandez

Joel Hernandez

Jersey
Mourant LP Partner

Simon Gould

Simon Gould

Jersey
Partner

Sarah Huelin

Sarah Huelin

Jersey
Counsel

Alex Henderson

Alex Henderson

Jersey
Senior Associate

Latest developments in civil penalties regime

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03 April 2019

The Jersey Financial Services Commission has confirmed that revised codes of practice will come into force from 1 June 2019 onwards and, amongst other things, will seek to ensure that the recipient of a civil penalty will personally bear the burden of a civil penalty. It will no longer be acceptable to claim indemnity protection or to insure for a civil penalty.