New Jersey product welcomed
March 15, 2017

Jersey's competitiveness as a jurisdiction in which to establish funds has been enhanced with the introduction of a new regulatory framework for private funds.

The Jersey Private Fund, which has been announced by the Jersey Financial Services Commission today, consolidates and streamlines Jersey's private fund offering and will enable funds with up to 50 investors to take advantage of a fast-track authorization process and lighter ongoing regulatory requirements.

It is said to provide a more flexible and versatile framework which will further improve the speed and ease with which funds marketed to professional investors can be established. The framework ensures continued compliance with international standards by requiring the appointment of a Jersey-based administrator, say Jersey Finance and the Jersey Funds Association.

Geoff Cook, Chief Executive Officer Jersey Finance, said: "Jersey's funds industry has shown strong growth over the past five years, and the new regime positions us for continued growth. Our industry is built on speed to market and expertise combined with appropriate regulatory oversight, and by offering a 48-hour authorization for funds with up to 50 investors, this product will further cement our position as a market leader."

The Jersey Private Fund will also be available to managers seeking to market funds into Europe through National Private Placement Regimes. This is a route which has been a strong growth area for Jersey's funds industry, and there are now more than 250 alternative investment funds and 115 authorized alternative investment fund managers marketing into the European Union via Jersey.





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Jersey's competitiveness as a jurisdiction in which to establish funds has been enhanced with the introduction of a new regulatory framework for private funds.

The Jersey Private Fund, which has been announced by the Jersey Financial Services Commission today, consolidates and streamlines Jersey's private fund offering and will enable funds with up to 50 investors to take advantage of a fast-track authorization process and lighter ongoing regulatory requirements.

It is said to provide a more flexible and versatile framework which will further improve the speed and ease with which funds marketed to professional investors can be established. The framework ensures continued compliance with international standards by requiring the appointment of a Jersey-based administrator, say Jersey Finance and the Jersey Funds Association.

Geoff Cook, Chief Executive Officer Jersey Finance, said: "Jersey's funds industry has shown strong growth over the past five years, and the new regime positions us for continued growth. Our industry is built on speed to market and expertise combined with appropriate regulatory oversight, and by offering a 48-hour authorization for funds with up to 50 investors, this product will further cement our position as a market leader."

The Jersey Private Fund will also be available to managers seeking to market funds into Europe through National Private Placement Regimes. This is a route which has been a strong growth area for Jersey's funds industry, and there are now more than 250 alternative investment funds and 115 authorized alternative investment fund managers marketing into the European Union via Jersey.



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