Today marks 500 days until the Brexit deadline and the continued
slog to broker a deal remains a point of concern for those working
in and with the UK's finance sector. But what does that mean
for Jersey's funds industry?
Last month, the House of Commons Justice Committee published its
First Special Report Session 2017-19 on the implication for the
Crown Dependencies, which confirmed that there is no intention to
change the constitutional relationship between the UK and the Crown
dependencies.
This is welcome news and affirms what we've been saying for
a while now, which is that Jersey is a 'no change'
jurisdiction. But let me explain what we mean by that.
Despite our proximity to mainland Europe, 90% of Jersey fund
investors are located outside the EU (not including the UK). Of
that 90% a significant chunk are investors based in the UK.
Jersey's access to these will remain unchanged no matter what
Brexit brings. But it's not quite the same picture for
