ARTICLE · 12 NOVEMBER 2008

Regulation Of Fund Services Business In Jersey

Ogier

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Since changes to the law were introduced in November 2007 the focus of fund regulation in Jersey has shifted away from product-by-product regulation in favour of the licensing of fund service providers by the Jersey Financial Services Commission (the “JFSC”).

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Introduction

Since changes to the law were introduced in November 2007 the focus of fund regulation in Jersey has shifted away from product-by-product regulation in favour of the licensing of fund service providers by the Jersey Financial Services Commission (the "JFSC"). Jersey funds remain regulated under the provisions of the Collective Investment Funds (Jersey) Law 1988 (the "CIFL"). Functionaries of both Jersey domiciled funds and non-Jersey domiciled funds are now regulated pursuant to the provisions of the Financial Services (Jersey) Law 1998 (the "FSJL").

Application Of FSJL

Regulation of fund services business under the FSJL applies to fund services provided to:-

unclassified funds including Jersey expert or listed funds; and

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