The Jersey Financial Services Commission has published a Brexit positioning paper setting out the position the JFSC intends to take on a number of funds issues from 1 January, when the UK leaves the EU.
The paper summarises the changes being made to the alternative investment fund (AIF), fund services business and certified funds codes, reflecting legislative changes in Jersey that are due to come into effect on 1 January.
The paper sets out the approach that will be taken initially, based on the fact that the EU and UK AIF regimes are aligned but separate, and the JFSC says it will keep the evolving situation under review.
• To view the Brexit positioning paper click here