Focus examinations: A risk-based supervisory initiative by Jersey FSC
21 May 2026
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On 27 April 2026, the Jersey Financial Services Commission (FSC) introduced "focus examinations" as part of its 2026-2030 strategy to adopt a more risk-based and proportionate supervisory approach. These examinations are designed to assess compliance with regulatory requirements in specific, clearly defined areas, offering a streamlined alternative to full-scale examinations.
Key features:
- Minimal documentation: Only essential document extracts are required, reducing administrative burden.
- Short onsite duration: Typically, lasting half a day, minimising disruption to business operations.
- Interactive format: Firms can demonstrate controls and processes directly, avoiding extensive written submissions.
- Tailored feedback: Specific feedback is provided to highlight strengths and areas for improvement.
- Industry insights: Anonymised observations will be shared to promote good practices and address common challenges.
- Proportionality: Ensures reduced disruption while maintaining regulatory assurance.
- Cross-sector assessment: Enables evaluation across various industry sectors.
Implementation:
Focus examinations will begin in June 2026, with the initial topic being targeted financial sanctions. Selected entities will be notified via email with further details on the process and required information.
The Industry update can be found here
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