Client: A small, locally based finance company in Jersey
Focus: Compliance with Government legislation and regulatory requirements

Overview:

A growing finance firm approached PALAR Consultancy for support in meeting the complex compliance obligations set out by the Jersey Financial Services Commission (JFSC). The business wanted to strengthen its governance framework, ensure adherence to new legislation, and build internal capability to manage compliance independently in the long term.

Our Approach:

Working closely with the leadership team, PALAR began by reviewing the company’s existing policies, procedures, and controls against current regulatory expectations. We identified key gaps and areas of risk, then developed a tailored action plan to bring the organisation fully in line with statutory and regulatory requirements.

Our support included:

• Designing and implementing a compliance framework aligned with JFSC standards
• Updating policies and procedures to reflect local legislative changes
• Providing staff training and practical guidance to embed compliance in daily operations
• Introducing data management and reporting processes to improve oversight and accountability

Outcome:

This work is ongoing but the company are demonstrating strong governance practices and have gained confidence in maintaining compliance as part of its routine operations.

Impact

By combining practical expertise with a collaborative approach, PALAR helped the client move from reactive to proactive compliance through sustainable governance.