Jurisdictional issues

We have pioneered a range of disaster recovery services designed to allow companies operating in offshore finance centres around the globe to safeguard priceless corporate information in secure data vaults in Jersey.

With clients in the Cayman Islands, Bermuda, Bahrain, Gibraltar and Mauritius, we have proven experience in delivering disaster recovery solutions from multiple jurisdictions and a wealth of knowledge on the potential regulatory issues and how best to address them.

We work closely with the Jersey Financial Services Commission and the relevant authorities in those jurisdictions where we currently offer services. The Jersey Financial Services Commission (http://www.jerseyfsc.org) has developed regulations to enable financial institutions registered in other jurisdictions to operate from Jersey under disaster situations. This work has been done in close consultation with other offshore regulators to ensure there is a common understanding of the regulatory implications and agreement on how your home state and the Jersey regulator will co-operate to ensure "business as usual" under such circumstances.

In principle the archiving of your data alone will not trigger any regulated activity, however should the disaster recovery service be invoked then depending on the nature of the activity of the disaster recovery servers located in Jersey there could be a requirement to have co-operation between your home state and Jersey regulators.

Please contact us for further information on the range of services and the potential regulatory requirements.