How are domiciling decisions changing as managers and
jurisdictions position themselves for the future and what does that
mean for Jersey?
Elliot Refson: Twenty-five years ago, when
international finance centres, or IFCs, were in their infancy,
Jersey would have been seen as regulated, expensive and
inflexible.
Fast forward to today, and Jersey is seen as proportionately
regulated and competitive from a cost perspective. Jersey has
always been an early adopter of regulation and legislation, which
has meant a minimal change outlook, while others, playing catch up,
are facing headwinds. For example, for Jersey, substance
legislation has simply meant a codification of prevailing best
practice. But some other jurisdictions are struggling because they
don't have the depth of expertise required.
