The latest funds figures from the Jersey Financial Services Commission show an increase in the use of Jersey's NPPR route for non-EU fund managers to market to EU investors, and strong take-up of the Jersey Private Funds regime for funds with up to 50 investors.
According to the statistics, the number of funds marketed into Europe using NPPR has increased 10 per cent in the 12 months to the end of June.
In addition, a total of 44 registrations were made under the Jersey Private Funds regime in its first four months of operation.
The figures also show an increase of 14 per cent in the number of Jersey alternative investment fund managers authorised to market into Europe through NPPRs under the Alternative Investment Fund Managers Directive (AIFMD).
Emily Haithwaite, an Investment Funds Partner in Ogier's Jersey team, said: "The increased use of NPPR demonstrates that the market views it as an efficient and cost-effective solution for accessing EU investors.
“This comes at a time when the burden of the AIFMD passport on managers frequently outweighs its benefits and when there is still much uncertainty over access to the single market for UK managers following Brexit.”