•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

Matthias Knab, Opalesque:

The number of Jersey-registered alternative investment fund managers marketing into Europe through national private placement regimes (NPPRs) under the EU Alternative Investment Fund Managers Directive (AIFMD) continued to rise consistently over the first six months of 2016, according to figures from the Jersey Financial Services Commission (JFSC).

As at June 2016, 115 alternative investment fund managers (AIFMs) had been authorised in Jersey to market into Europe through NPPRs, up 11% compared to December 2015. Over the same period, the number of Jersey alternative investment funds (AIFs) being marketed into Europe through NPPR stood at 251, representing a 9% increase.

These figures come shortly after the European Securities and Markets Authority (ESMA) made its further recommendation, on 19 July, that Jersey should be amongst those 'third countries’ granted an AIFMD passport.

In addition, the Government of Jersey and the JFSC launched a joint consultation this week aimed at enhancing Jersey’s funds regime. The consultation seeks to simplify and rationalise numerous aspects of Jersey’s funds environment, with the paper confirming the intention to introduce new products to the market.

These are anticipated to include a new manager-led Jersey registered alternative investment fund (JRAIF). The JRAIF will be supervised by the JFSC by proxy as it will be the relevant AIFM who will be responsible for ensuring the fund’s AIFMD complia......................

To view our full article Click here