The world of offshore funds is constantly evolving. Recent years have seen a growing demand for alternative and more specialised collective investment vehicles. The investors in such funds are institutional, high-net worth or sophisticated, and demand speed, efficiency and flexibility. The regulatory regime in Jersey is changing in response to this.
Restrictions that have historically been somewhat rigidly imposed on publicly-offered collective investment funds, such as requirements as to the status of promoters of investment funds or investment or gearing restrictions, have now been replaced with more flexible options. While Jersey still sets down certain key principles of fund regulation, it has also been made clear by the island’s regulatory bodies that there is scope for departure from those principles, and that if a proposal does not ‘fit the template’, sensible alternatives can be accommodated.
