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 needs.
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 6 December 2024 we issued a Funding Paper in respect of our planned annual levy for 2025. The Funding Paper is available here: 2025 Funding Paper
Feedback on our proposals can be provided by email up to 31 January 2025 either directly to Martin Edwards, Head of the JRA (m.edwards@jra.org.je) or anonymously via Lisa Springate at Jersey Finance Limited (Lisa.Springate@jerseyfinance.je).
Historic Funding Papers are available below:
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 year ended 31 December 2023.
The report provides a summary of the JRA's activities during the year; a summary of the JRA's progress against its Strategic Goals; and sets out the JRA's financial position and performance for the year ended 31 December 2023.
Annual Report on Operations and Audited Financial Statements for the period ended 31 December 2023.
Previous Annual Reports and Audited Financial Statements are available below:
Annual Report on Operations and Audited Financial Statements for the period ended 31 December 2022.