Jersey Financial Services Commission

Director Declaration

Retrieved on: 
Thursday, December 14, 2023

In accordance with LR 9.6.14 R the Company has been notified of the appointment of Mr Richard Boléat, a Non-Executive Director of the Company, as an Independent Non-Executive Director of Digital 9 Infrastructure plc.

Key Points: 
  • In accordance with LR 9.6.14 R the Company has been notified of the appointment of Mr Richard Boléat, a Non-Executive Director of the Company, as an Independent Non-Executive Director of Digital 9 Infrastructure plc.
  • This appointment is subject to the approval of the Jersey Financial Services Commission which is expected in due course.

Elwood Secures Investment Business Licence, Strengthening the Firms Digital Asset OTC Capabilities

Retrieved on: 
Thursday, June 1, 2023

SAINT HELIER, Jersey , June 1, 2023 /PRNewswire/ -- Elwood Capital Management Limited ("Elwood" or "the Company"), a leading OTC Desk providing institutional access to digital asset markets, has announced it has successfully obtained an Investment Business license by the Jersey Financial Services Commission (JFSC).

Key Points: 
  • SAINT HELIER, Jersey , June 1, 2023 /PRNewswire/ -- Elwood Capital Management Limited ("Elwood" or "the Company"), a leading OTC Desk providing institutional access to digital asset markets, has announced it has successfully obtained an Investment Business license by the Jersey Financial Services Commission (JFSC).
  • Today's announcement is the first Investment Business licence granted to a native digital asset business in Jersey, further enhancing Elwood's OTC capabilities.
  • Elwood can now provide trading in security tokens and derivatives, in addition to non-securities, under Elwood Capital Management Limited's Virtual Asset Service Provider ('VASP') Schedule 2 Registration.
  • This step is an essential milestone in bringing the same regulatory expectations of our clients in traditional asset classes to digital assets."

Elwood Secures Investment Business Licence, Strengthening the Firms Digital Asset OTC Capabilities

Retrieved on: 
Thursday, June 1, 2023

SAINT HELIER, Jersey, June 1, 2023 /PRNewswire/ -- Elwood Capital Management Limited ("Elwood" or "the Company"), a leading OTC Desk providing institutional access to digital asset markets, has announced it has successfully obtained an Investment Business license by the Jersey Financial Services Commission (JFSC).

Key Points: 
  • SAINT HELIER, Jersey, June 1, 2023 /PRNewswire/ -- Elwood Capital Management Limited ("Elwood" or "the Company"), a leading OTC Desk providing institutional access to digital asset markets, has announced it has successfully obtained an Investment Business license by the Jersey Financial Services Commission (JFSC).
  • Today's announcement is the first Investment Business licence granted to a native digital asset business in Jersey, further enhancing Elwood's OTC capabilities.
  • Elwood can now provide trading in security tokens and derivatives, in addition to non-securities, under Elwood Capital Management Limited's Virtual Asset Service Provider ('VASP') Schedule 2 Registration.
  • This step is an essential milestone in bringing the same regulatory expectations of our clients in traditional asset classes to digital assets."

Valour announces the launch of physically digital asset backed ETP issuance platform in Europe and a record increase of Assets under Management in 2023 of close to 90% year-to-date

Retrieved on: 
Wednesday, April 12, 2023

Valour launches its EU-wide offering of physically backed Exchange Traded Products on digital assets (ETPs) including white-label solutions for asset managers and family offices.

Key Points: 
  • Valour launches its EU-wide offering of physically backed Exchange Traded Products on digital assets (ETPs) including white-label solutions for asset managers and family offices.
  • Total AUM rose by $70 million in 2023 reaching a record high of almost $148 million - an increase of close to 90% year-to-date.
  • The ETPs will be secured by the respective digital assets that are physically stored with regulated custody providers.
  • Valour further announces that total AUM increased by $70 million in 2023, reaching a record high of almost $148 million - an increase of close to 90% since the beginning of 2023.

Babylon Announces Additional Details on its Upcoming 1-for-25 Reverse Share Split

Retrieved on: 
Thursday, December 8, 2022

Babylon (NYSE: BBLN) (Babylon'') today announced additional details concerning the previously announced 1-for-25 reverse share split (the Reverse Share Split") of its Class A ordinary shares, par value $0.0000422573245084686 per share (the Class A Ordinary Shares), which will become effective on December 15, 2022 (the Effective Date).

Key Points: 
  • Babylon (NYSE: BBLN) (Babylon'') today announced additional details concerning the previously announced 1-for-25 reverse share split (the Reverse Share Split") of its Class A ordinary shares, par value $0.0000422573245084686 per share (the Class A Ordinary Shares), which will become effective on December 15, 2022 (the Effective Date).
  • The Reverse Share Split is intended to increase the per share trading price of the Class A Ordinary Shares to enable Babylon to regain compliance with the New York Stock Exchange minimum share price requirement.
  • Babylon believes that the Reverse Share Split will also benefit its shareholders because it will enable Babylon to reach additional institutional shareholders who impose minimum price requirements in their investment decisions and within their funds.
  • Concurrent with the Reverse Share Split, the par value of the Class A Ordinary Shares and Class B Ordinary Shares will be changed to US$0.001056433113 per share.

Babylon Announces 1-for-25 Reverse Share Split

Retrieved on: 
Wednesday, November 9, 2022

Babylon (NYSE: BBLN) (Babylon'') today announced that it is proceeding with a 1-for-25 reverse share split (the Reverse Share Split") of its Class A ordinary shares, par value $0.0000422573245084686 per share (the Class A Ordinary Shares).

Key Points: 
  • Babylon (NYSE: BBLN) (Babylon'') today announced that it is proceeding with a 1-for-25 reverse share split (the Reverse Share Split") of its Class A ordinary shares, par value $0.0000422573245084686 per share (the Class A Ordinary Shares).
  • Concurrent with the Reverse Share Split, the par value of the Class A Ordinary Shares will be changed to $0.0001 per share.
  • The Reverse Share Split is intended to increase the per share trading price of the Class A Ordinary Shares to enable Babylon to regain compliance with the minimum share price requirement in Rule 802.01C of the NYSE Listed Company Manual.
  • The Reverse Share Split will affect all shareholders uniformly and will not alter any shareholder's percentage interest in the Class A Ordinary Shares, except to the extent that the Reverse Share Split results in some shareholders experiencing the rounding down of a fractional share.

JTC Completes Acquisition of New York Private Trust Company (NYPTC) in Delaware, USA

Retrieved on: 
Tuesday, November 1, 2022

JTC, the global professional services business, has completed its acquisition of New York Private Trust Company ("NYPTC"), a Delaware-chartered non-deposit trust company.

Key Points: 
  • JTC, the global professional services business, has completed its acquisition of New York Private Trust Company ("NYPTC"), a Delaware-chartered non-deposit trust company.
  • The acquisition supports JTCs strategy to continue its growth in the US market and in particular, to develop its US domestic trust services offering in what is a large and growing market.
  • "NYPTC is a high-quality private client business that expands our US footprint and supports our ambitions to grow a market-leading US domestic trust business.
  • JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services.

Jersey firms are positive about RegTech benefits but significant barriers to adoption exist

Retrieved on: 
Friday, July 22, 2022

LONDON, July 22, 2022 /PRNewswire/ -- RegTech Associates launched their research report into the adoption of RegTech in Jersey at an event held by the Jersey Financial Services Commission (JFSC) on 21st July.

Key Points: 
  • LONDON, July 22, 2022 /PRNewswire/ -- RegTech Associates launched their research report into the adoption of RegTech in Jersey at an event held by the Jersey Financial Services Commission (JFSC) on 21st July.
  • The report demonstrates that financial services firms in Jersey are positive about RegTech, with 78% of firms agreeing that RegTech tools are increasingly necessary for achieving compliance.
  • Jill Britton, Director General at the Jersey Financial Services Commission added: "The successful adoption of RegTech will support innovation and growth for Jersey.
  • RegTech Associates brings all sides of the market together to help RegTech and RiskTech vendors grow and regulated firms manage compliance more effectively.

ENNISMORE SET TO OPEN SLS BARCELONA, FIRST SLS HOTEL IN EUROPE IN PARTNERSHIP WITH ACTIVUMSG

Retrieved on: 
Monday, April 11, 2022

Chadi Farhat, SLS Brand Chief Operating Officer, Ennismore, said: "Opening in Barcelona is a massive statement of our ambitions to grow the SLS brand in Europe.

Key Points: 
  • Chadi Farhat, SLS Brand Chief Operating Officer, Ennismore, said: "Opening in Barcelona is a massive statement of our ambitions to grow the SLS brand in Europe.
  • Saul Goldstein, Founder and Chief Executive Officer of ActivumSG,said: "SLS Barcelona will be a distinctive glamorous lifestyle destination, supported by the powerful reach of the Ennismore and Accor's distribution network.
  • It's a fantastic result for our hotel strategy of creating great hotels in the best locations as the industry recovers from the pandemic."
  • The hotel will feature three swimming pools, a 772 square-meter ballroom, a spa and beauty salon, and a well-being and fitness center.

Goldmoney Completes Successful Closure of Its Jersey Operations

Retrieved on: 
Friday, January 7, 2022

As we near six months since the closure of our Jersey operations, the benefits to the Companys shareholders and clients are significant:

Key Points: 
  • As we near six months since the closure of our Jersey operations, the benefits to the Companys shareholders and clients are significant:
    Through the elimination of redundancies in staffing, facilities, and IT, we expect to recover within 12 months all the costs related to the closure of the Jersey operations, and thereafter benefit from structural savings close to $4 million each year in the future.
  • Our Treasury team has achieved lower operating costs with economies of scale from consolidating our supplier and vaulting relationships.
  • The closure of the Jersey office was completed on schedule in September.
  • To resolve this matter, the JFSC proposed that Goldmoney would not be permitted to operate in Jersey for a period of ten years, should it choose to re-establish a Jersey office.