Jersey Sees Growth In EU Authorized Funds
by Jason Gorringe, Lowtax.net, London
05 August, 2016
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), has continued to rise over the first six months of 2016, according to figures from the Jersey Financial Services Commission.
As at June 2016, 115 alternative investment fund managers had been authorised in Jersey to market into Europe through NPPRs, up 11 percent compared to December 2015. Over the same period, the number of Jersey alternative investment funds being marketed into Europe through NPPR stood at 251, a nine percent increase.
These figures follow the recent recommendation of the European Securities and Markets Authority that Jersey should be among those "third countries" granted an AIFMD passport.
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