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New Prospectus Order

October 2012 - Finance. Legal Developments by Bedell Cristin.

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A new prospectus order for Jersey certified funds comes into force on 17 November 2012: the Collective Investment Funds (Certified Funds - Prospectuses) (Jersey) Order 2012 (the "Prospectus Order").

A new prospectus order for Jersey certified funds comes into force on 17 November 2012: the Collective Investment Funds (Certified Funds - Prospectuses) (Jersey) Order 2012 (the "Prospectus Order").

The Prospectus Order, which contains standardised disclosure requirements, will formalise the regulation of prospectuses of Jersey closed-ended and open-ended certified funds under a single order, extend the scope of such regulation to all types of fund vehicle (including limited partnerships) and will introduce a number of new requirements, bringing Jersey into line with the latest international standards as established by IOSCO.

All Jersey certified funds should now consider whether any action is required in order to comply with the Prospectus Order. If you are unsure whether the Prospectus Order applies to your fund, please contact us for further information.

To read our briefing on the Prospectus Order please click here.  To read the full text of the Prospectus Order please click here.

For further information please contact Emily Haithwaite or Richard Le Liard.

For more information please visit www.bedellgroup.com

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