Share on LinkedInShare on LinkedIn

ARTICLE · 22 JANUARY 2019

Jersey Introduces LLC Legislation

Appleby
Appleby
Contributor
Appleby

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile
Explore more from Appleby

The Limited Liability Companies (LLC) Law is expected to come into force in early 2019 and is designed to allow fund managers and investors to use a LLC structure which they will be familiar with from the US and certain other international finance centres.

JerseyFinance and Banking
James Fox
James Fox
Author LinkedIn connections

The Limited Liability Companies (LLC) Law is expected to come into force in early 2019 and is designed to allow fund managers and investors to use a LLC structure which they will be familiar with from the US and certain other international finance centres.

LLC Overview

LLCs are a very flexible structure. They are very widely used in the US across a range of areas including holding companies and fund structures which is what they will most likely be used for in Jersey. It is estimated that over two thirds of all newly established entities in the US are LLCs.

The Jersey Financial Services Commission (JFSC) will issue a certificate of formation for LLCs in Jersey and will be the regulator for them. Given the popularity of LLCs as fund and fund management vehicles it is expected that JFSC guidance and Codes of Practice will also be updated to allow LLCs to be used for collective investment funds and for funds services business.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

A Guide To Investment Funds And Private Equity In Jersey

Jersey has established itself as one of the world's major international finance centres, offering sophisticated fund structures ranging from lightly-regulated Jersey Private Funds to Expert Funds and Listed Funds. The jurisdiction combines tax neutrality, political stability, and a comprehensive regulatory framework designed to accommodate diverse investment strategies including private equity, real estate, infrastructure, and emerging asset classes like digital assets.
JerseyFinance and Banking
Carey Olsen
Carey Olsen
Article

Jersey Moves Further To Repeal COBO: Draft Financial Products And Prospectuses Law Published

Jersey is set to modernize its financial regulatory framework by repealing its mid-twentieth century Control of Borrowing regime and introducing targeted registration systems for digital asset issuers, private funds, and retail prospectuses. The Draft Financial Products and Prospectuses Law proposes to streamline regulatory oversight while maintaining investor protections, with digital asset issuers moving from the current COBO consent process to a new statutory registration framework.
JerseyFinance and Banking
Walkers
Walkers
Article

Jersey Digital Assets - October 2026 Update

Jersey strengthens its position as a leading digital assets jurisdiction through new government initiatives on tokenisation, faster regulatory approval timelines for digital asset applications, and comprehensive guidance on artificial intelligence use in financial services. These developments create practical opportunities for issuers, investment advisers, and service providers considering Jersey for digital asset projects.
JerseyFinance and Banking
Carey Olsen
Carey Olsen
Article

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc
BermudaInsurance
Appleby
Appleby
Article

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.
BermudaInsurance
Appleby
Appleby