Jersey Securities Issuing Vehicles

This briefing has been produced for structured finance advisors and arrangers using Jersey incorporated companies which issue debt securities.

This briefing considers:

• whether a "prospectus" is being issued by a Jersey Issuer and the consequences of this;
• whether the Jersey Issuer will require a consent under COBO (a COBO Consent) and the consequences of this; and
• the Jersey requirements in relation to the preparation of audited accounts for vehicles issuing debt securities.

The relevant legislative framework in Jersey is contained in the:

• Companies (General Provisions)(Jersey) Order 2002 (the GPO); and
• Control of Borrowing (Jersey) Order 1958 (COBO).

Is a 'Prospectus' being issued?