Good Things Always Come In Threes

As a funds lawyer working in a time where the global trend is towards ever-increasing regulatory complexity, it is a pleasure to report on developments in the Jersey funds industry the themes of which are simplification and increased ease­of-use. In the space of two months there have been three significant examples of this. One of which, the new private funds regime, has arrived with much fanfare (and rightly so) but the other two, which relate to outsourcing rules and AML/CFT guidance, are (though they may be less glamorous) also worthy of praise. All three developments have come about following consultation with industry and have been some time and no little effort in the making .