Wednesday August 12 2015
News Source: Fund Regulation
Focus: AIFMD
Type: General
Country: Jersey
The Jersey Financial Services Commission (JFSC) has announced new legislation concerning Alternative Investment Funds.
The new legislation amends the definition of “AIF” in the Alternative Investment Funds (Jersey) Regulations 2012 (the Regulations) to bring within that definition:
A limited partnership that is registered in England or Scotland under the Limited Partnerships Act 1907 provided such limited partnership:
- meets the criteria for an AIF in the Regulations,
- satisfies certain conditions set out in the draft Order, and
- has elected to be an AIF and the Jersey Financial Services Commission has approved that election.
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