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Increased Demand For Jersey's Private Placement Regime

by Jason Gorringe, Lowtax.net, London
17 February, 2018

Jersey-registered fund managers are increasingly choosing to market into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive, according to Jersey Finance, the island's financial services promotion agency (AIFMD).

Jersey Finance reports that figures from the Jersey Financial Services Commission, which regulates the island's financial services industry, show 149 alternative investment fund managers were authorized in Jersey to market into Europe through NPPRs for the year to December 2017. This is an increase of 17 percent compared with December 2016.

Over the same period, the total number of Jersey alternative investment funds marketed into Europe through NPPRs also increased significantly to stand at 291, representing a 15 percent year-on-year increase. In addition, Jersey Finance says the Commission has now authorized a total of 31 depositaries in Jersey under AIFMD, a figure that has risen seven percent over the year.

Geoff Cook, CEO of Jersey Finance, commented: "We're continuing to work together with the fund management communities both in and outside of the EU, so it's pleasing to see such a strong uptake of Jersey's tried-and-tested private placement regime. Five years on since AIFMD was introduced, it's a route that is proven to work, providing alternative managers with a clear, effective and future-proof means of accessing EU investor capital."

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