A lawyer in offshore law firm Walkers’ Jersey regulatory and risk advisory group has said that the JFSC’s plans show that financial services professionals – and compliance teams in particular – need to start preparing for examinations.

The regulator is planning to undertake virtual examinations using Zoom, and that it will allow attendees from different locations to participate.

Rachel Amos, a senior counsel at Walkers said that the news creates welcome clarity, but that there will still be some work for regulated businesses to do.

She said: “The JFSC’s statement during a webinar last week that vir...