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ARTICLE · 06 MARCH 2021

Jersey Investment Funds Update - March 2021

Carey Olsen
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Our investment funds team outline the latest developments in the investment funds market in Jersey including the new register of beneficial owners and significant persons

JerseyFinance and Banking
Andrea Steel
Andrea Steel
Thomas MacAdie
Thomas MacAdie
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Our investment funds team outline the latest developments in the investment funds market in Jersey including the new register of beneficial owners and significant persons, investment business regime updates and the most recent economic substance guidance.

Jersey's new register of beneficial owners and significant persons

The Financial Services (Disclosure and Provision of Information)(Jersey) Law 2021 came into force on 6 January. See our October 2020 update and our briefing note for a summary of the new provisions. Key dates to note:

  • Entities will need to appoint a "nominated person" to act as the liaison with the registry by no later than 6 April 2021.
  • The JFSC has extended the period for submitting the first annual confirmation statement (which will replace the annual return) to 30 June 2021.

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