ARTICLE
27 February 2018

Growth In European Funds Shows Popularity Of Jersey Options

O
Ogier

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Ogier provides legal advice on BVI, Cayman, Guernsey, Irish, Jersey and Luxembourg law. Our network of locations also includes Beijing, Hong Kong, London, Shanghai, Singapore and Tokyo. Legal services for the corporate and financial sectors form the core of our business, principally in the areas of banking and finance, corporate, investment funds, dispute resolution, private equity and private wealth. We also have strong practices in the areas of employee benefits and incentives, employment law, regulatory, restructuring and corporate recovery and property. Our corporate administration business, Ogier Global, works closely with Ogier's partner-led legal teams to incorporate and administer a wide variety of vehicles, offering clients integrated legal and corporate administration services. We have the knowledge and expertise to handle the most demanding and complex transactions and provide expert, efficient and cost effective services to all our clients.
More Jersey funds and fund managers have been authorised for marketing into Europe over the last 12 months as the Island continues to see healthy growth in the asset management sector.
Jersey Wealth Management

More Jersey funds and fund managers have been authorised for marketing into Europe over the last 12 months as the Island continues to see healthy growth in the asset management sector.

Ogier partner Niamh Lalor says that the attraction of Jersey as a funds jurisdiction is demonstrated by the 17% rise in alternative investment fund managers (AIFMs) and the 15% rise in Jersey alternative investment funds (AIFs) marketed into Europe through the National Private Placement Regime (NPPR).

The NPPR system allows non-EU Alternative Investment Fund Managers and Alternative Investment Funds to market funds into the EU but only if they comply with each EU country's national regime.

The NPPR route will ultimately be replaced by the extension of the AIFMD passport regime – the European Securities and Markets Authority says that there are no significant obstacles to the passport being extended to Jersey – but there is no clear timeframe for the new regime's arrival.

Niamh said that the latest figures for the end of 2017 showed that the lack of a passport was not holding the Island back.

She said: "The rise in both managers and funds being authorised through the NPPR route demonstrates not just the confidence in Jersey as a jurisdiction, but also the way that the market sees the NPPR route as practical, effective and economical.

"These figures bear out what we see in our own pipelines of work, which show that the Jersey Private Fund regime in particular is proving very popular."

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