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ARTICLE · 11 OCTOBER 2021

An Evolving Global Platform: Jersey First For Finance 2021

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The following article, taken from Jersey ~ First for Finance ‒ Celebrating 60 Years of Finance 1961-2021 was authored by Iain Millar, Group Partner for our Appleby Jersey corporate team.

JerseyFinance and Banking
Iain Millar
Iain Millar
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The following article, taken from Jersey ~ First for Finance ? Celebrating 60 Years of Finance 1961-2021 was authored by Iain Millar, Group Partner for our Appleby Jersey corporate team.

Jersey's political and economic stability, forward thinking and robust regulatory framework, has set Jersey apart from other international finance centres for 60 years, making Jersey a world leader in all aspects of international finance, evolving over the years to develop a global platform which encompasses funds finance, real estate finance and Islamic finance.

Over a 60-year period change is the law of life and Jersey's regulatory framework has undergone repeated fundamental reform in this period. The year 1961 saw the Income Tax (Jersey) Law being drafted and major banks beginning to establish offshore operations in Jersey in earnest, with Hill Samuel the first merchant bank to arrive. Throughout the period Jersey has continued to enact helpful new regulation but the pace of

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