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ARTICLE · 21 DECEMBER 2023

Jersey Investment Funds Update - Q4 2023

Carey Olsen
Carey Olsen
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Our investment funds team outline the latest developments within the investment funds market in Jersey, including changes to investment business and the revised guidance on outsourcing policy...

JerseyFinance and Banking
Christopher Griffin
Christopher Griffin
Claire Le Quesne
Claire Le Quesne
Robert Milner
Robert Milner
James Mulholland
James Mulholland
Daniel O'Connor
Daniel O'Connor
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Our investment funds team outline the latest developments within the investment funds market in Jersey, including changes to investment business and the revised guidance on outsourcing policy, Schedule 2 and Manager of a Managed Entity (MoME).

FSJL - Changes to investment business

On 31 October 2023, two amendments to the definition of "investment business" (as set out in article 2(2) of the Financial Services (Jersey) Law 1998 ("FSJL")) came into force. The amendments have been discussed extensively over the last few years via numerous consultations with industry. The amendments are an attempt to modernise and align Jersey's investment business regulatory regime with international standards.

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