A Jersey manager is typically required to hold a "fund services business" licence, which can be obtained within weeks. There are broadly two types of licence: a "managed entity" licence and a "full codes" licence, each with...more
On 5 December 2024 the UK's Sanctions (EU Exit) (Miscellaneous Amendments) (No.2) Regulations 2024 came into force. The UK Regulations are made under the UK Sanctions and Anti-Money Laundering Act 2018 ("SAMLA") and make...more
1/10/2025
/ Anti-Money Laundering ,
Artificial Intelligence ,
Beneficial Owner ,
Compliance ,
Data Breach ,
Data Protection ,
Deferred Prosecution Agreements ,
Financial Crimes ,
Financial Services Industry ,
Income Taxes ,
Investors ,
Island of Guernsey ,
OECD ,
Proposed Rules ,
Risk Assessment ,
Sanctions ,
Sanctions and Anti-Money Laundering Act 2018 (SAMLA) ,
Terrorist Financing ,
UK
There is a growing trend for large UK-based companies to consider exploring listings on US stock exchanges such as the New York Stock Exchange (NYSE) and NASDAQ, potentially at the expense of the London Stock Exchange plc...more
12/5/2024
/ Business Listings ,
Channel Islands ,
Corporate Governance ,
Disclosure Requirements ,
Financial Services Industry ,
Infrastructure ,
Initial Public Offering (IPO) ,
Investment ,
Investors ,
London Stock Exchange ,
Nasdaq ,
NYSE ,
REIT ,
Stock Exchange ,
Trading Platforms ,
UK
On 1 April 2022, the UK introduced a new tax advantaged corporate structure, a "qualifying asset holding company" ("QAHC"), which benefits from a number of UK tax breaks.
A crucial requirement for QAHC eligibility is that...more
It is possible to issue RWA tokens using a Jersey company to act as the issuer.
The Jersey regulator has published a guidance note on the tokenisation of RWAs.
This guidance note sets out the applicable requirements and...more
11/11/2024
/ Anti-Money Laundering ,
Audits ,
Digital Assets ,
Financial Services Industry ,
Lending ,
Marketing ,
Policies and Procedures ,
Popular ,
Recordkeeping Requirements ,
Regulatory Agenda ,
Stablecoins ,
UK
Limited Liability Companies ("LLCs") offer flexibility and familiarity to investment fund, corporate and finance industry participants, particularly those in the US market.
US federal tax 'check-the-box' treatment is...more
Jersey is a well-established jurisdiction of choice for issuing debt securities in international finance transactions. Recently, we have seen a steady increase in interest in Jersey debt securities issuers either for a...more
As Jersey is considered from a UK and an EU perspective to be a "third country", it is outside the scope of full compliance with the AIFMD and can take advantage of the NPPR marketing routes.
A Jersey domiciled AIFM will...more
Following Jersey's intention to implement the OECD proposals for a 15% global minimum tax rate (known as "Pillar 2") in May 2024, draft legislation has now been lodged introducing a new standalone Multinational Corporate...more
Over the last few months, we have started to see new trends in inquiries and instructions regarding the use of Jersey and Guernsey structures by US managers targeting either European assets, or European capital....more
The Crown Dependencies have re-affirmed their commitment to international tax standards and the continued value of inter-island cooperation in areas of mutual interest in international tax policy.
Ministers from...more
Jersey: Consultation paper on access to information -
On 26 April 2024, the States of Jersey published its latest consultation paper on "Access to information on Jersey's Central Register of Companies and legal persons"....more
What is a UK REIT?
A Real Estate Investment Trust (REIT), despite the name, is a company (or group of companies) carrying on a property rental and investment business which, if it meets certain conditions, can elect to...more
Guernsey and Jersey have long been popular places used by private equity investors in acquisitions of target businesses given the advantages they offer over other jurisdictions. We're taking a closer look at some of these...more
3/5/2024
/ Distribution Rules ,
Documentation ,
Economic Substance Doctrine ,
Investment ,
Investors ,
Jurisdiction ,
Nasdaq ,
Private Equity ,
Return on Equity ,
The International Stock Exchange (TISE) ,
UK
Recent weeks and months have seen regular coverage on the growing trend of large UK based companies exploring listings on US stock exchanges such as New York Stock Exchange (NYSE) and Nasdaq at the expense of the London Stock...more
9/29/2023
/ Business Listings ,
Capitalization ,
Disclosure Requirements ,
Financial Markets ,
Financial Services Industry ,
Initial Public Offering (IPO) ,
London Stock Exchange ,
Nasdaq ,
NYSE ,
Takeover Code ,
UK
Recent weeks and months have seen regular coverage on the growing trend of large UK based companies exploring listings on US stock exchanges such as New York Stock Exchange (NYSE) and Nasdaq at the expense of the London Stock...more
On 1 April 2022, the UK introduced a new tax advantaged corporate structure, a “qualifying asset holding company” (“QAHC”), which benefits from a number of UK tax breaks.
A crucial requirement for QAHC eligibility is...more
Our global investment funds teams work closely with the leading managers, instructing counsel and service providers around the world, giving us a unique perspective and insight into the trends and forces shaping financial...more
2/8/2023
/ Asia ,
Bermuda ,
BVI Business Companies ,
Cayman Islands ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Environmental Social & Governance (ESG) ,
Infrastructure ,
Private Equity ,
SFDR ,
UK
Jersey's economic substance regime has been in existence for four years now. On the one hand its scope has expanded to include partnerships as well as self-managed corporate funds; but on the other hand certain exemptions...more