The Control of Borrowing (Jersey) Amendment Order 2026 (the Amendment Order), which comes into force on 13 April 2026, introduces a series of welcome reforms to Jersey’s regulatory framework.
The changes modernise the Control of Borrowing regime by significantly narrowing when regulatory consents are required from the Jersey Financial Services Commission (the JFSC) and simplifying the position for professional, institutional and private capital structures.
This advisory summarises the key changes and their practical impact.
Overview
The Amendment Order primarily amends the Control of Borrowing (Jersey) Order 1958 (COBO), while also making consequential changes to the Professional Investor Regulated Scheme (PIRS) and Special Purpose Investment Business (SPIB) exemptions, which relate to Jersey's prudential financial services regime. The overall policy objective is clear. Regulatory oversight is now focused largely on retail investors, with unnecessary regulation being