UPDATED LAW TO ASSIST JERSEY JPFs
24/07/2025
The Collective Investment Funds (Jersey Private Funds) Order 2025 is part of a broader initiative to enhance Jersey’s private fund regime.
According to a ministerial decision dated 9 July 2025, the Government of Jersey approved law drafting instructions to amend:
- The Collective Investment Funds (Jersey) Law 1988; and
- The Financial Services (Investment Business (Restricted Investment Business – Exemption)) (Jersey) Order 2001).
These amendments are intended to enhance the Jersey Private Fund (JPF) regime, which is a streamlined and flexible investment structure used primarily by professional and institutional investors.
The ministerial decision suggests the changes are focused on:
- Improving regulatory clarity and efficiency;
- Expanding or refining exemptions for certain types of investment business; and
- Aligning Jersey’s fund regime with international best practices.
The ministerial decision
- It is necessary to enhance and modernise the JPF regime to ensure its continued competitiveness and regulatory coherence.
- The main policy changes proposed are:
- 1. Remove the 50 offer/investor limit for JPFs, focusing instead on the private nature of the offers and the type of investors so that it aligns with international best practice;
- 2. Create a new Ministerial Order to exclude qualifying JPFs from the definition of “collective investor fund” under CIFL; and
- 3. Broaden the definition of “professional investor” in the Financial Services (Investment Business (Restricted Investment Business – Exemption) (Jersey) (Order) 2001 to align with the JPF Guide, enabling more investors and service providers to benefit from regulatory exemptions.
References
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As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.