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Collective Investment Funds (Jersey) Law 1988, and Financial Services (Investment Business (Restricted Investment Business - Exemption)) (Jersey) Order 2001: Amendments: Law drafting instructions to enhance Jersey Private Fund Regime

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A decision made 9 July 2025:

Decision Reference:  MD-ER-2025-503

Public

Subject: Enhancements to the Jersey Private Fund Regime

 

Report Title: Instructions to Law Drafting: Jersey Private Fund Regime

Exempt (Article 35)

Decision(s):

The Minister has decided to enhance the Jersey Private Fund (JPF) regime via amendments to the Collective Investment Funds (Jersey) Law 1988 (CIFL) and the Financial Services (Investment Business (Restricted Investment Business – Exemption) (Jersey) (Order) 2001.

Reason for Decision(s):

It is necessary to enhance and modernise the JPF regime to ensure its continued competitiveness and regulatory coherence. The main policy changes proposed are: 1. Remove the 50 offer/investor limit for JPFs focussing instead on the private nature of the offers and the type of investors so that it aligns with international best practice; 2. Create a new Ministerial Order to exclude qualifying JPFs from the definition of “collective investor fund” under CIFL; and 3. Broaden the definition of “professional investor” in the Financial Services (Investment Business (Restricted Investment Business – Exemption) (Jersey) (Order) 2001 to align with the JPF Guide, enabling more investors and service providers to benefit from regulatory exemptions.

Resource Implications: There are no new financial and/or resource implications.

 

Action Required: Principal Legislative Drafter to be requested to draft legislation.

Signature:

 

 

 

Signed By: Minister for External Relations

Date Signed:

09/07/2025

 

Date of Decision (If different from Date Signed):

 

 

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