ARTICLE · 23 JUNE 2008

Limited Partnerships In Jersey

Walkers

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Different structures are available in Jersey to be used for funds and a combination of structures may also be permitted. This memorandum focuses on the use of a limited partnership as the Fund vehicle.

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INTRODUCTION

Different structures are available in Jersey to be used for funds and a combination of structures may also be permitted. This memorandum focuses on the use of a limited partnership as the Fund vehicle.

The consent of the Commission is required to the creation of partnership interests under the Control of Borrowing (Jersey) Order 1958 (the "COBO Order"). An application for consent under the COBO Order must include certain prescribed information in relation to the general partner of the limited partnership (although not in relation to the limited partners). If the general partner is an existing Jersey incorporated company, the JFSC will merely require confirmation that the relevant information previously provided remains accurate.

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