JDCS Disclosure Standard – Feedback and Next Steps
10 Oct 2025
We have published our Feedback Paper on Consultation Paper CP2025/01 ‘JDCS Disclosure Standard’, along with a near final version of the Standard itself.
Following the States of Jersey’s adoption of the draft Bank (Recovery and Resolution) (Jersey) Amendment Law 202- on 1 October 2025, functions relating to the Jersey Bank Depositors Compensation Scheme (JDCS) are expected to transfer to the Jersey Resolution Authority (JRA) on 31 March 2026. The JDCS Disclosure Standard will be formally issued on or shortly after 1 April 2026.
What this means for Jersey Banks
The JDCS Disclosure Standard will apply to all Jersey Banks. We expect Jersey Banks to prepare in advance of 1 April 2026 to ensure that deposit advertisements, account statements and associated terms and conditions are aligned with the Standard as soon as possible after 1 April 2026. A transition period will run until 30 September 2026, as outlined in the Standard.
Consultation Feedback
We received responses from three Jersey Banks, with broad support for the proposed Standard. The Feedback Paper outlines key comments from respondents, our responses and rationale for changes made and why some suggestions were not adopted. In response to the feedback, we made one addition to the Standard and two amendments to provide further clarity. We also amended the implementation date and transitional provisions to reflect the timeframe for legislative changes set out above.
A tracked change version of the near-final Standard is included to help Jersey Banks easily identify updates.
Further enquiries in relation to the Feedback Paper or the Standard should be directed to Martin Edwards, Head of the JRA (m.edwards@jra.org.je).
Feedback Paper on Consultation Paper CP2025/01 ‘JDCS Disclosure Standard’