To meet the Government of Jersey’s commitment to the island’s compliance with international standards to enhance beneficial ownership transparency, additional information is required to be collected. Registry are seeking to balance Jersey’s commitment to fighting financial crime with protection of rights to privacy, recognising international developments with registers of beneficial ownership and control in other countries.
This consultation paper seeks feedback on proposals to collect the following additional fields of information from legal entities, and require nominated persons to provide this information:
- extent of beneficial ownership
- nature of beneficial ownership
Additional fields will provide necessary context for users, enabling us to explore opportunities to derive greater value from the registry which is proportionate to international standards.
Please submit your feedback by 11:59pm on Friday 30 May.