The Listed Fund Guide will only apply to Jersey companies at this stage, although in time and depending on demand it may be adapted to other structures such as unit trusts and limited partnerships.
The Jersey Financial Services Commission is proposing that closed-ended investment funds, including private equity, property, hedge funds and other alternative funds which are listed on European and other leading stock exchanges – including the Channel Islands Stock Exchange – should be subject to a speedier procedure taking no more than three working days.
The commission has billed the proposals as ‘an exciting opportunity’ for the funds industry in the Island and ‘a further example of how responsive the commission can be in new initiatives’.
