Financial regulator wants to hear views on ultra-wealthy family offices

Thursday, 16 May 2024 08:18

The Island's financial regulator is asking for views on family offices for the ultra-wealthy.

The Financial Services Authority says it wants a clearer picture about how many such services there are on the island, as well as what they do.

On the government's engagement hub, it's asking for views on how the offices should be treated in future - in particular whether they should be regulated.

Lucy Hendy of the FSA says the information will help maintain anti-money laundering standards and ensure we meet international standards.

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