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ARTICLE · 20 MARCH 2025

Setting Up A Jersey Manager - The Options And Opportunities

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A Jersey manager is typically required to hold a "fund services business" licence, which can be obtained within weeks.

JerseyFinance and Banking

KEY TAKEAWAYS

  • A Jersey manager is typically required to hold a "fund services business" licence, which can be obtained within weeks.
  • There are broadly two types of licence: a "managed entity" licence and a "full codes" licence, each with different application requirements and ongoing obligations.
  • A Jersey manager can access capital from UK and EU investors by using the respective EU and UK national private placement regimes.

Introduction and background

  1. The purpose of this note is to provide you with information in relation to the legal and regulatory requirements applicable when setting up a new Jersey manager.
  2. A new Jersey manager would be carrying on "fund services business" under the Financial Services (Jersey) Law 1998 (as amended) ("FSJL") and so would be required to hold a "fund services business" licence (or "FSB Licence") issued by the Jersey Financial Services Commission ("JFSC") unless the manager can rely on certain regulatory

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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.

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