Servicing non-Jersey funds in Jersey
Since the introduction of the FSB Codes and related changes to the funds legislation in Jersey, in most cases a Jersey entity that wishes to carry on fund services business in relation to a publicly offered non-Jersey fund will be able to do so entirely under its FS Law registration acting in accordance with the FSB Codes. This briefing distinguishes between non-Jersey funds that are publicly offered and those that are not.
Any entity proposing to carry on Fund Services Business in Jersey in respect of a publicly-offered Non-Jersey Fund must be registered to conduct Fund Services Business under the FS Law. A Fund Service Provider acting for a publicly-offered Non-Jersey Fund must comply with the full FSB Codes unless it is a Managed Entity acting for a Non-Jersey Fund “materially equivalent” to a Jersey Expert Fund in which case it need only comply with the core principles of the FSB Codes plus the standard conditions attached to its registration under the FS Law. A Fund Service Provider is required to notify the JFSC that it has been appointed to act for a new publicly-offered Non-Jersey Fund…
If you are registered and logged in to the site, click on the link below to read the rest of the Mourant Ozannes briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Mourant Ozannes
News from The Lawyer
Briefings from Mourant Ozannes
The recent English Court of Appeal ruling in Re Danka Business Systems plc considers how insolvency practitioners ought to deal with contingent claims.
This briefing provides an introduction to the factors that determine whether a Jersey insurance business transfer scheme is required and an outline of the procedure for the transfer of insurance business in Jersey.