EU Recognises Jersey As A Cooperative Jurisdiction

"We're pleased that the work Jersey's government and financial regulator have undertaken over the past year or so, with industry input, to implement economic substance legislation has been recognised by the EU. We have said all along that Jersey was willing and able to work with counterparts in the EU to meet the criteria laid out by the EU's Code of Conduct Group. Having these new rules now in place should give investors and other stakeholders a clear indication of just how seriously Jersey takes its obligations as a well-regulated IFC and of its ongoing commitment to play a positive role in Europe's future.