Jersey Unregulated Fund
- An Unregulated Eligible Investor Fund may only be offered to Eligible Investors.
- It may be open or closed-ended.
- It may take the form of a Jersey company, Jersey limited partnership or unit trust.
- It may be listed but only on exchanges or markets that permit transfer restrictions to ensure that only Eligible Investors may acquire the securities or interests.
- The JFSC’s Promoter Policy does not apply.
- There is no requirement for Jersey audit sign-off. Unregulated Exchange Traded Fund
- It must be a closed-ended fund listed on an exchange or market approved by the JFSC.
- The exchanges and markets approved by the JFSC for this purpose include the London Stock Exchange, AIM, the Irish Stock Exchange and The International Stock Exchange (previously called the Channel Islands Stock Exchange) (see below for the full list).
- It may take the form of a Jersey company, unit trust or Jersey limited partnership.
- The JFSC’s Promoter Policy does not apply.
- There is no requirement for Jersey audit sign-off.
- Unregulated Funds are not Certified Funds and therefore the Certified Funds Code is not applicable.
- Corporate vehicle permitted
- Local physical office required
- Minimum paid up capital
- Minimum investors
- Minimum number
- Corporate directorship allowed
- Local director required
- Custodian
- Fund manager/Investment manager
- Fund administrator
- Auditors
- Robust yet flexible regulatory environment
- Professional infrastructure and quality of workplace
- Tax neutrality and Tax Exchange Agreements
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers
Requirements |
Description |
General |
|
|
Jersey Company, Limited Partnership, Unit trust |
|
No |
Share capital or equivalent |
|
|
USD 1,000,000 (Unregulated Eligible Investor) |
|
None |
Directors |
|
|
1 |
|
Yes |
|
No |
Service Providers Required |
|
|
No |
|
Yes |
|
No |
|
Yes |