Jersey’s rise in alternative funds with a European passport

Jersey flagJersey has seen a sharp rise in the number of alternative fund managers marketing into Europe through national private placement regimes (NPPRs).

In the six months to December 2015, 104 alternative fund managers were authorised in Jersey to market funds into Europe through NPPRs – up 24% compared to June last year.

Over the same period, the number of Jersey alternative funds being marketed into Europe through NPPR authorisation stood at 230, a 12% increase compared to the six months until end-June 2015.

The figures are from Jersey Finance and the Jersey Funds Association (JFA) and taken from the Jersey Financial Services Commission.

JFA sees the rise in funds marketing into Europe as significant.

Jersey’s position as a hub for alternative funds marketing into the EU had been uncertain until the European Securities and Market Authority extended so-called passporting permissions last year to various jurisdictions.

Extending the third-country passport to jurisdictions outside of the European Economic Area raised significant legal issues, it has been said.

©2016 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST