At a time when Jersey is enjoying record growth in its funds sector, the Island has launched details of the new regime which is designed to provide promoters and other fund introducers with the simplicity, certainty and speed they seek when setting up certain types of specialist funds.
A key feature is that there will be no need to seek regulatory approval when establishing the fund. Set for introduction in early 2008, the new Unregulated Funds Regime includes an Unregulated Eligible Investor Category (UEIC) and an Unregulated Exchange Traded Category (UETC). Funds in these categories will not be approved or authorised by the Island’s financial regulator, the Jersey Financial Services Commission (JFSC).
Professionals in Jersey welcoming the new categories believe that they will appeal to promoters, such as private equity and hedge fund managers who are looking to set up funds in jurisdictions in which they can establish an unregulated product, often because the speed in bringing the product to market is essential.
If you do not receive this within five minutes, please try and sign in again. If the problem persists, please
email: