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Collective Investment Funds (Jersey Private Funds) Order 2025

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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A decision made 22 July 2025:

Decision Reference:  MD-ER-2025-544

Public

Subject: COLLECTIVE INVESTMENT FUNDS (JERSEY PRIVATE  FUNDS) ORDER 2025

 

Report Title: Amendments to the Collective Investment Funds (Jersey) Law 1988 and the Financial Services (Investment Business (Restricted Investment Business – Exemption) (Jersey) (Order) 2001

Public

Decision(s):

The Minister for External Relations decided to make the Collective Investment Funds (Jersey Private Funds) Order 2025.

Reason for Decision(s):

It is necessary to enhance and modernise the Jersey Private Fund (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: Department officers to take the necessary action. The Greffier of the States to be requested to arrange for the making of the Order to be notified to the States Assembly.

Signature:

 

 

Signed By: Minister for External Relations

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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