Today we have published a brief consultation paper in respect of our proposals to facilitate submission of Annual Holdings Returns in respect of the Jersey Bank Depositors Compensation Scheme (JDCS).
The Resolution Law requires that Jersey Banks and Community Savings Ltd (CSL) submit an Annual Holdings Return to the JRDCA within 28 days of each calendar year end. The law sets out required content for the Annual Holdings Return and gives us the power to specify by published notice the form of the return, any additional information to accompany the return, and to permit that the return is submitted via a third party.
To facilitate submission of Annual Holdings Returns we have drafted our proposed Notice setting out the form of the return (an Excel template), additional information to be included in the return, and associated guidance on completing the template return. Links to these documents are included below and can be found on the consultations page of our website.
We also highlight our proposals that, in the future, the Annual Holdings Returns are incorporated into JFSC prudential reporting forms, to facilitate ease of submission and data capture.
We are seeking the views of Jersey Banks and CSL regarding our proposals. Responses should be submitted by email to info@jrdca.org.je by no later than 31 October 2026.
Subject to the feedback received, we will publish the final Notice and Annual Holdings Return template on our website before the end of 2026.
