Jersey Private Funds

With effect from 18 April Jersey is introducing a new regime in respect of private funds - simplifying the regulatory regime, and extending the benefits of flexibility and speed across Jersey's private funds space.

Executive summary

Under the Jersey private funds regime:

• All funds with up to 50 investors will come under one simple regime.
• The regulatory framework will be consistent across the private funds space, extending the current benefits of Jersey's existing very private regime to all private funds.
• A fast track 48-hour regulatory approval process will apply, with no prior approval of promoters or key persons being required.
• The features and operation of private funds will be relatively unconstrained, with a variety of legal vehicles being able to be used, funds being able to be closed- or open-ended, requirements for Jersey connections being relaxed, and offering documents being permitted, but not required.