02 April 2026
The Government is inviting Islanders to give their views on proposed legislation designed to provide clear and consistent consumer credit protections.
These proposed reforms support recent amendments to the Financial Services (Jersey) Law 1998 and address growing use of credit in Jersey, along with concerns about affordability, transparency of charges, contract clarity and debt collection practices.
The consultation covers four key legislative measures:
- defining which activities require authorisation
- proposing exemptions for low-risk or ancillary services
- setting conduct standards for lenders and credit service providers
- strengthening statutory rules for debt collectors
These proposals form a two-tier system that distinguishes between firms requiring JFSC authorisation and those supervised by Trading Standards under the Wider Consumer Credit Regulations. Trading Standards will also oversee all debt collection, with no exemptions.
Activities requiring supervision by Trading Standards and/or the JFSC now include:
- Lending
- Advising
- Credit broking
- Debt adjusting
- Debt counselling
- Debt administration
- Debt collection
The consultation will remain open until 29 May, with public drop-in sessions being planned for next month.
gov.je