How we are funded

The JRA is funded by Jersey's banking industry.

Article 16 of the Resolution Law allows the JRA to raise an annual administration levy to enable the JRA to meet its funding need.

The JRA is required to determine how much the levy is both in aggregate and for each Jersey Bank and communicate this by Notice.

Article 16 also provides for additional levies to be raised, should circumstances dictate that they are necessary.

It is intended that the annual administrative levy will be declared in the first quarter of each year. 

On 18 December 2023 we issued a Funding Paper in respect of our planned annual levy for 2024 as well as a revised methodology for allocating the administration levy across Jersey Banks.  The Funding Paper is available here:  2024 Funding Paper

We received feedback from two Jersey Banks.  The feedback, our response and planned next steps are set out in the following feedback paper:  Feedback on the JRA's 2024 Funding Paper


Historic Funding Papers are available below:

2023 Funding Paper and Feedback Paper.

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The JRA's Annual Report on Operations and Audited Financial Statements

The document below sets out the JRA's Annual Report on Operations and Audited Financial Statements for the period ended 31 December 2022.

The report provides a summary of the JRA's activities during its first period of operation; a summary of the JRA's progress against its Strategic Goals and Operational Fundamentals; and sets out the JRA's financial position and performance for the period ended 31 December 2022.


Annual Report on Operations and Audited Financial Statements for the period ended 31 December 2022
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