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ARTICLE · 12 MARCH 2012

The Jersey Private Placement Fund Regime

Following consultation with representatives of the Jersey funds industry, the Jersey Financial Services Commission ("JFSC") has introduced an additional option to the range of possible fund regimes under which prospective fund promoters can launch a collective investment scheme.

JerseyWealth Management
Louisa Lempriere
Louisa Lempriere

Following consultation with representatives of the Jersey funds industry, the Jersey Financial Services Commission ("JFSC") has introduced an additional option to the range of possible fund regimes under which prospective fund promoters can launch a collective investment scheme.

This is the new Private Placement Fund ("PPF") regime.

Why was the PPF regime introduced?

The PPF regime is designed to offer fund promoters a fast track to launch closed ended investment vehicles which meet certain criteria.

The JFSC has undertaken to provide a response to applications within 72 hours without the need for the more in-depth regulatory review of the Private Placement Memorandum ("PPM") and promoters that is required under the existing regimes.

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