Channel Islands Funds Quarterly Update: Q2 2022

1. Jersey developments

1.1 New States Assembly

This quarter's update is a little lighter on new legislation thanks to the pre-election purdah period imposed from mid-May.

Election night on 22 June brought, as ever, a handful of surprise results, although it is also clear there will be a large degree of continuity in the make-up of the new Assembly, continuing the island's long reputation of political stability. The increased diversity among States Members is also welcome, including the island's first female Chief Minister.

While at the time of publication the exact composition of the ministerial team is still to be determined, it is heartening to see that the vast majority of elected representatives reaffirmed in their manifestos the importance of the finance industry, and in many cases of sustainable finance, to the island.