Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 15 JANUARY 2021

Channel Islands Funds Quarterly Update: Q4 2020

Ogier
Explore more from Ogier

Two amendments to Jersey's Economic Substance legislation https://statesassembly.gov.je/assemblypropositions/2020/p.172-2020.pdf were lodged by the Minister for External Relations on 29 December.

European UnionFinance and Banking
Tim Clipstone
Tim Clipstone
Craig Cordle
Craig Cordle
Emily Haithwaite
Emily Haithwaite
Niamh Lalor
Niamh Lalor
Bryon Rees
Bryon Rees
Sophie Reguengo
Sophie Reguengo
Author LinkedIn connections

1. Pan-Channel Island developments

1.1 Economic Substance updates: Self-Managed Funds and Fund Vehicles

Two amendments to Jersey's Economic Substance legislation https://statesassembly.gov.je/assemblypropositions/2020/p.172-2020.pdf were lodged by the Minister for External Relations on 29 December.

The first is a move to include self-managed funds within scope of Economic Substance rules in terms of their fund management activities, for accounting periods that commence on or after 1 January 2021. In November 2019, the Crown Dependencies updated their joint guidance, to confirm these expectations of self-managed funds, and to confirm that legislation would be brought forward in each jurisdiction and similar amendments in Guernsey came into effect on 1 October 2020. The Government of Jersey is also reviewing the application of the directed and managed test to self-managed funds.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Guernsey Private Investment Funds (PIFs): A Complete Guide

The 2025 Private Investment Fund Rules introduced by the Guernsey Financial Services Commission represent a significant regulatory shift, expanding eligible investor categories while removing previous requirements for managers and auditors. This comprehensive guide examines the streamlined application process, investor qualification criteria, and structural flexibility that position Guernsey PIFs as a competitive quick-to-market fund option for sophisticated investors and family offices.
GuernseyFinance and Banking
Carey Olsen
Carey Olsen
Article

Guernsey Opens The Door To Greater Digital Finance Opportunities

The Guernsey Financial Services Commission has introduced regulatory amendments that will enable licensed firms to offer virtual asset services without requiring separate licensing, while also lifting restrictions on retail customer access. These changes, part of the Commission's Digital Finance Initiative, aim to reduce regulatory duplication and position Guernsey as a competitive jurisdiction for digital financial innovation.
GuernseyFinance and Banking
Guernsey Finance
Guernsey Finance
Article

Guernsey Strengthens Support For Finance Sector Innovation And Growth

Guernsey advances its position as a leading international finance centre through the expansion of its Innovation Sandbox and the introduction of a Finance Sector Concierge service. These initiatives aim to streamline regulatory engagement for innovative businesses and provide a coordinated entry point for prospective investors and entrepreneurs exploring opportunities in Guernsey's finance sector.
GuernseyFinance and Banking
Carey Olsen
Carey Olsen
Article

NAVigate 2026: Five Themes Shaping The Next Phase Of NAV Finance

The second annual NAVigate conference explored how NAV finance is evolving beyond its traditional boundaries, examining the convergence of NAV lending with asset-backed lending and structured finance solutions. Against a backdrop of challenging fundraising conditions and ongoing liquidity pressures, market participants discussed how different financing technologies and capital sources can be combined to serve a broader range of funds, assets and portfolio-management objectives throughout a fund's lifecycle.
European UnionFinance and Banking
Walkers
Walkers
Article

The Token Issuance Trust: A Trust-based Framework For Decentralised Token Ecosystems

The Token Issuance Trust offers a trust-based alternative to traditional corporate structures for Web3 protocols and DAOs, combining founder control with independent fiduciary oversight. This innovative framework enables protocols to hold assets, manage contracts, and support on-chain operations while preserving decentralisation principles. How can established trust law principles be adapted to meet the operational and governance requirements of decentralised token ecosystems?
GuernseyFinance and Banking
Walkers
Walkers