Financial services regulatory summary: October 2026

• JFSC – Jersey Financial Services Commission
• GFSC – Guernsey Financial Services Commission
• Isle of Man Financial Services Authority

JFSC – Jersey Financial Services Commission

29 October 2026 – Industry update: A single destination for digital assets regulatory information

JFSC launched a digital assets hub bringing together regulatory guidance, resources and practical information. The hub is intended to help firms identify the requirements relevant to their activities and navigate the regulatory pathways for establishing or expanding digital asset operations in Jersey, including tokenisation. [Read more]

28 October 2026 – Industry update: Watch: monthly update – October 2026

JFSC’s monthly video update covered its 2027 fees notices, revised limited liability company guidance, feedback on Pillar 2 and prudential reporting, and the proposed replacement of the COBO framework. It also outlined forthcoming AML/CFT/CPF Handbook changes concerning the money laundering compliance officer and reliance regimes. [Read more]

23 October 2026 – Public statement: SVF GP (Jersey) Limited (the impersonating entity)

JFSC warned about an unauthorised entity impersonating the legitimate Jersey-regulated company SVF GP (Jersey) Limited. The impersonating entity was falsely claiming the company’s identity and address and holding itself out as conducting lending business. JFSC confirmed that it had no association with the genuine company or its service provider and displayed warning signs of fraud. [Read more]

21 October 2026 – Industry update: Consultation feedback published on changes to the reliance and MLCO regime

JFSC published feedback on changes to the reliance and Money Laundering Compliance Officer regimes. Its approach includes further guidance on when an MLCO may not be necessary, while retaining appropriate compliance monitoring, and more flexible risk-based reliance arrangements. Testing is not mandatory in every case, and obtaining identity evidence within five working days will generally meet the “without delay” requirement. The remaining changes were scheduled to take effect on 31 October. [Read more]

15 October 2026 – Industry update: Update following consultation on Pillar 2 and Prudential reporting

JFSC published feedback on proposed Pillar 2 and prudential reporting changes within its Basel III implementation programme. Respondents broadly supported the proposals but sought clarification on capital adequacy guidance, reporting and transition arrangements. JFSC confirmed that it would proceed broadly as consulted on, with further banking code, guidance and reporting materials to follow. [Read more]

15 October 2026 – Industry update: Read our Q3 2026 service report

JFSC published its third-quarter service report, reporting that most regulatory and registry services met or exceeded their targets. It highlighted nine new unaffiliated trust company business licences granted over the preceding year, with four further applications at advanced stages, alongside continuing work to improve digital services, guidance and the user experience. [Read more]

12 October 2026 – Industry update: Clearer guidance and wider use of limited liability companies

JFSC confirmed changes to its limited liability company guidance following consultation. The changes allow LLCs to act as trustees and undertake specified financial services activities, remove restrictions limiting their use to financially sophisticated investors or customers, and improve the guidance’s clarity. The revised guidance and registry arrangements were scheduled to take effect on 14 October. [Read more]

7 October 2026 – News: Could you spot a scam?

JFSC published investor-protection guidance explaining advance-fee investment fraud and bank impersonation scams. It highlighted unexpected approaches, demands for upfront payments, pressure to act quickly and requests for security information as warning signs. Readers were encouraged to verify firms independently, check regulatory registers and avoid disclosing personal or financial information to unexpected callers. [Read more]

6 October 2026 – Industry update: Update on the repeal and replacement of COBO framework

JFSC outlined the proposed replacement of Jersey’s Control of Borrowing framework through the draft Financial Products and Prospectuses Law. The proposals aim to remove duplication while retaining public-interest safeguards, introduce registration arrangements for digital asset issuers, Jersey Private Funds and certain legacy private funds, and provide powers concerning prospectuses circulated to retail investors. An implementation consultation was planned for the first quarter of 2027. [Read more]

2 October 2026 – Public notice: Notice of continuance – AGL CLO 21 Ltd

A public notice stated that AGL CLO 21 Ltd intended to apply to JFSC for continuance in the Cayman Islands under the Companies (Jersey) Law 1991. Creditors objecting to the application could notify the company within 21 days of publication of the notice. [Read more]

1 October 2026 – Industry update: Proposed 2027 fee increase reduced following consultation

JFSC published feedback on its proposed 2027 fees and confirmed a 3.0% increase rather than the 3.5% originally proposed. It said the reduction reflected industry feedback and greater certainty in its financial planning. The 2027 fees notice will apply from 1 January 2027. [Read more]

GFSC – Guernsey Financial Services Commission

21 October 2026 – Digital Finance: Commission event to examine practical readiness for AI

GFSC announced a regulator-hosted discussion on the foundations organisations need for effective AI adoption. The session covered data quality, systems and processes, organisational skills and culture, and robust risk management, helping firms assess their readiness to move from experimentation towards wider use. [Read more]

15 October 2026 – Sanctions Notice – Global Human Rights and International Humanitarian Sanctions Regime

GFSC explained the replacement of the UK’s Global Human Rights sanctions regime with a broader regime encompassing serious violations of international humanitarian law, and its implementation in the Bailiwick. Existing designations and licences continue under the replacement regime. The notice also set out businesses’ asset-freezing and reporting responsibilities, including reporting affected relationships to the Commission. [Read more]

7 October 2026 – Digital Finance: The Commission supports AI Sprint

GFSC outlined its involvement in an AI for AML hackathon and a discussion on organisational readiness for AI. Its contribution focused on using technology to improve financial crime controls while maintaining regulatory responsibilities and appropriate safeguards, together with the importance of data quality, effective processes and managing implementation risks. [Read more]

1 October 2026 – General: Reminder – verification of standing data

GFSC reminded licensees to complete their annual verification of standing data through the Online Submissions Portal by 31 October. Firms were required to review their entity details, update information where necessary and complete the declaration. Entity records were marked unverified from 1 October pending completion of the process. [Read more]

Isle of Man Financial Services Authority

29 October 2026 – New licenceholder – LML Limited t/a ascend

IOMFSA published a public notice announcing LML Limited, trading as ascend, as a new licenceholder. [Read more]

26 October 2026 – Deregistration of Designated Business – Caprica PCC Limited

IOMFSA published a notice concerning the deregistration of Caprica PCC Limited under the Designated Businesses (Registration & Oversight) Act 2015. [Read more]

23 October 2026 – Banking and insurance supervisory priorities update

IOMFSA published an update on its supervisory priorities for the Isle of Man’s banking and insurance sectors. [Read more]

23 October 2026 – Surrendered Licence – Marriott Isle of Man Limited

IOMFSA published a public notice concerning the surrender of Marriott Isle of Man Limited’s licence. [Read more]

22 October 2026 – Authority welcomes Royal Assent for legislative reforms

IOMFSA announced progress on legislative reforms aimed at modernising and strengthening the Isle of Man’s regulatory framework, following the granting of Royal Assent. [Read more]

21 October 2026 – Authority to issue foreign PEP questionnaire

IOMFSA announced that it would issue a questionnaire to gather updated information about the risks posed to the Isle of Man’s financial sector by foreign Politically Exposed Persons. [Read more]

20 October 2026 – Deregistration of Designated Business – Skyfield Limited

IOMFSA published a notice concerning the deregistration of Skyfield Limited under the Designated Businesses (Registration & Oversight) Act 2015. [Read more]

19 October 2026 – October 2026 update from the IOM Financial Services Authority

IOMFSA published its October stakeholder update, bringing together information for firms and other stakeholders on the Authority’s work. [Read more]

19 October 2026 – Consultation Paper Recognised Auditor Fees 1 January 2027

IOMFSA published a consultation paper concerning recognised auditor fees from 1 January 2027. [Read more]

12 October 2026 – Public Statement in respect of Blackfridge SC Limited and the revocation of its licence to carry on certain regulated activities under the Financial Services Act 2008 (“The Act”)

IOMFSA published a public statement concerning Blackfridge SC Limited and the revocation of its licence to conduct certain regulated activities under the Financial Services Act 2008. [Read more]

9 October 2026 – Basel III implementation – update of liquidity standards Feedback Statement – Liquidity Monitoring Metrics

IOMFSA published a feedback statement concerning liquidity monitoring metrics as part of its implementation of Basel III liquidity standards. [Read more]

9 October 2026 – Deregistration of Designated Business – Exact Tax (Bespoke) Limited

IOMFSA published a notice concerning the deregistration of Exact Tax (Bespoke) Limited under the Designated Businesses (Registration & Oversight) Act 2015. [Read more]

9 October 2026 – Deregistration of Designated Business – Gray Law Limited

IOMFSA published a notice concerning the deregistration of Gray Law Limited under the Designated Businesses (Registration & Oversight) Act 2015. [Read more]

1 October 2026 – Authority supporting investor education campaign

IOMFSA announced its support for a global campaign highlighting the importance of investor education and protection. [Read more]

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