A quick and user-friendly introduction to the Jersey Private
Funds (JPF) regime.
Background
The Jersey Financial Services Commission ("JFSC") has
implemented the Jersey Private Fund Guide Regime ("JPF")
on 18 April 2017. The JPF incorporates the key aspects of the
previously hugely popular Jersey 'very private' fund regime
and expanded their application so that a vastly increased number of
privately-placed funds can benefit from a proportionate and
fast-track regulatory process.The JPF was updated on 2 July 2024 to
include some helpful clarifications around investor eligibility,
governance and the JPF perimeter.
JPF in a nutshell
Essentially, any Jersey private fund vehicle (or virtually any
non-Jersey private fund vehicle with a relevant connection to the
Island – e.g. a non-Jersey limited partnership with a Jersey
general partner) can become a JPF Fund. A JPF Fund is granted a
quick and simple consent under the Control of Borrowing (Jersey)
Order ("COBO")
