Jersey will be widening its capabilities as a fund jurisdiction through an Unregulated Funds Regime.
The island plans to introduce the new regime in early 2008 to provide fund promoters and introducers with simplicity and certainty when setting up certain types of specialist fund. The regime will include an Unregulated Eligible Investor Category (UEIC) and an Unregulated Exchange Traded Category (UETC). These funds will not need to be approved or authorised by the Jersey Financial Services Commission. Commenting on the impact of the new initiative, Geoff Cook, chief executive of Jersey Finance Limited, says: “This is a significant step forwards for the Funds Industry in Jersey and is see...
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