The Commission is today seeking feedback and assistance from the financial services industry specifically on whether the provisions of the Enforcement Law may have any unintended consequences or fatal flaws.
What the engagement is not about
The Commission has engaged with the financial services industry through the issuing of a discussion paper and later through a full consultation process which included a consultation paper in 2015, the use of ‘drop in’ sessions, meetings and other methods of stakeholder engagement. As the States have already approved the Policy Letter, the policy in relation to the Enforcement Law has already been set. Thus, the Commission is not seeking extensive responses in relation to matters of policy or policy direction in relation to the Enforcement Law.
The Format of this engagement
This engagement paper sets out below the topics upon which the financial services industry’s assistance is requested and in particular questions regarding unintended consequences and whether there are any significant issues in relation to certain provisions or areas.
The engagement paper may be found here:
How to respond
The engagement period runs from 24 July 2017 to midnight on Friday, 22 September 2017. Participants are encouraged to feed back any comments as soon as possible.
As with the consultation paper for this project, the Commission has decided to use the Citizen Space online consultation tool. Please note that it will only be possible to submit responses to this site during the engagement period, after which the survey function automatically ends. It is therefore very important that all submissions are made before midnight on Friday, 22 September 2017. The Commission’s Citizen Space Consultation Hub can be accessed on the link below
If you have any problems with the online submissions process, please contact us at [email protected].