Government measures in key jurisdictions 2nd edition final pages - Flipbook - Page 69
Jersey
8
Company
law matters
•
Have any measures
been put in place •
to accommodate
social distancing
(such as remote
general meetings)?
•
The Jersey Companies Registry is fully operational and continues to provide a
full service. It is demonstrating flexibility in its approach by accepting electronic
signatures and the submission of information electronically to assist users during
the current situation.
The Jersey Financial Services Commission has similarly demonstrated a flexible
approach in accepting electronic or scanned signatures with applications and
filings to help overcome the challenges caused by the travel and social distancing
restrictions imposed by the coronavirus pandemic.
Jersey’s Comptroller of Revenue has issued guidance to confirm that where
companies’ operating practices have to be adjusted to compensate for the
COVID-19 pandemic, the Comptroller will not determine under Article 6 of the
Taxation (Companies – Economic Substance)(Jersey) Law 2019 that a company has
failed the economic substance test.
•
Mourant has produced a briefing regarding regulatory considerations for licensed
financial services businesses in the Channel Islands when responding to the
COVID-19 outbreak.
•
Mourant has also considered the ways companies can overcome barriers to
completing transactions during the COVID-19 pandemic. All the most recent
Mourant updates relating to COVID-19 are available at Mourant COVID-19 Updates.
Government measures in key jurisdictions
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