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ARTICLE · 26 NOVEMBER 2014

New Managed Accounts Exemption Opens Doors For Jersey Fund Managers

Carey Olsen
Carey Olsen
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Carey Olsen

Carey Olsen

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A new exemption from the requirements of Jersey's Financial Services (Jersey) Law 1998 ("FS(J)L") has been introduced which will enable Jersey-regulated fund managers to service qualifying segregated managed accounts ("QSMAs") without the need for further regulation in Jersey while continuing to benefit from Jersey's 0% corporate income tax rate.

JerseyFinance and Banking
Robert Milner
Robert Milner
Daniel O'Connor
Daniel O'Connor
James Mulholland
James Mulholland
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A new exemption from the requirements of Jersey's Financial Services (Jersey) Law 1998 ("FS(J)L") has been introduced which will enable Jersey-regulated fund managers to service qualifying segregated managed accounts ("QSMAs") without the need for further regulation in Jersey while continuing to benefit from Jersey's 0% corporate income tax rate.
It is anticipated that the exemption, implemented by the Financial Services (Investment Business (Qualifying Segregated Managed Accounts – Exemption)) (Jersey) Order 2014 (the "Order") will prove popular with many managers who are already seeing a boost in managed account business due to a combination of investor demand and the potential ability to provide investment management services to EU/EEA-resident clients without the need for AIFMD compliance.

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