Where you are domiciled is crucial when it comes to meeting environmental, social and governance targets and challenges, writes Elliot Refson, head of funds at Jersey Finance.
Recent regulatory evolutions in Jersey serve to augment the jurisdiction’s reputation as a safe pair of hands for managers, say Jersey Finance’s head of funds Elliot Refson and business development lead in the Americas Philip Pirecki
The firm is backing new legislation, which it will soon pilot, that combines the most attractive aspects of the regulatory frameworks from various states; and it wants industry input to help it make it a success.
The Jersey Private Funds (JPF) regime boasted 365 registered funds by the end of the third quarter 2020, a 37% year-on-year growth, according to the Jersey Financial Services Commission.
The jurisdiction has set out to expand its private investment fund regime with two new proposed routes for managers looking to establish vehicles there.