Jersey gets ready for AIFMD
From 22 July 2013, new regulations will apply to Jersey alternative investment fund managers (AIFMs) actively marketing alternative investment funds (AIFs) to professional investors in the EEA. Those regulations arise under the EU’s Alternative Investment Fund Manager’s Directive (AIFMD) and under new local regulations in Jersey adopted to accommodate the implementation of AIFMD.
This briefing describes how Jersey has prepared itself to enable Jersey AIFMs to continue to actively market to professional investors in the EEA beyond 22 July 2013 as anticipated by AIFMD pursuant to continuing national private placement regimes, where available in relevant EEA member states.
The availability of such access is subject to two regulatory conditions: the signing of a regulatory co-operation agreement between Jersey’s regulator, the Jersey Financial Services Commission (JFSC) and the home regulator in each relevant EEA member state, in a form negotiated and approved by the central European regulator, ESMA; and Jersey not being listed as a Non-Cooperative Country and Territory by the Financial Action Task Force (FATF)…
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Norwich Pharmacal relief — obtaining information relating to a BVI company from its registered agent
This briefing note deals with the circumstances in which and methods by which non-public information about a BVI company can be obtained by a third party.
The aim of this update is to focus on current legal and regulatory developments affecting financial services institutions in Jersey.