Who do the Codes of Practice for Money Service Business apply to?
The Commission has issued Codes of Practice for the purpose of establishing sound high level principles for the conduct of money service business. The Codes apply to all persons that have been approved by the Commission to carry on money service business (such persons are called ‘registered persons’ in the terminology of the Financial Services (Jersey) Law 1998). The persons to whom the Codes apply will be expected to adhere to the standards set out in them. The Codes do not apply to persons that benefit from an exemption (see earlier FAQs which describe the exemptions available) except for deposit-takers to whom the Codes do apply. A copy of the Codes can be downloaded from the Commission’s website. (Click here to view).
