Alternative funds business focus for Jersey

Delegates heard that whilst there is still some clarity required around the AIFMD, Jersey is moving forwards with implementing a new regime that would allow regulated fund businesses and funds in Jersey wishing to avail themselves of AIFMD ‘passport’ provisions. Delegates were told that Jersey will adopt new regimes to provide for new categories of funds, bringing them into line with distinct ‘AIFMD Codes of Practice’, and also continue to offer fund promoters an option to remain outside of Europe and the scope of the Directive. The Directive’s banning of ‘letterbox arrangements’ was als...