Standard Form Expert Funds? - Fund Green-Shoots In Jersey

Jersey has developed some groundbreaking regulatory policies over the past decade, facilitating fast-track well regulated funds, including in the alternative investment funds sector. But Jersey has struggled to establish itself as a cost effective jurisdiction for many fund promoters, especially in the small to medium size fund bracket. That may become history, as Jersey recently introduced an innovative fund structure, the first fund of which has been approved by the Jersey Financial Services Commission ("JFSC"). The structure has the ability to drastically reduce both the time and cost applicable to a Jersey fund formation. Crill Canavan Advocates & Solicitors, and Herald Fund Services Limited, established the fund by capitalising on an incorporated cell company structure, with each new incorporated cell established by the incorporated cell company comprising a separate legal entity and independent investment fund. Each cell constitutes a company which is an Expert