News & Views

Strength in numbers

Being part of a network can be a powerful thing. At Moore Stephens we are lucky to be our own business yet still have access to a wealth of expertise and experience that is distributed around the world in other Moore Stephens businesses.

Figures Reflect Appeal of Jersey’s Private Placement Regime and Strong Uptake in New Fund Structure

The number of alternative fund managers marketing into Europe through Jersey’s national private placement regimes (NPPRs) continued to rise during the first half of 2017 whilst there has been a strong uptake in the latest addition to Jersey’s regulatory framework, according to mid-year figures from Jersey’s regulator the Jersey Financial Services Commission (JFSC).

Non-dom Update

It has been announced by the UK Government that the Finance Bill proposals relating to non-doms that were dropped prior to the election will be reintroduced, and that they will take effect from 6 April 2017 as originally envisaged. It is not clear when this will occur – the statement simply says "as soon as possible", and that could be as late as October, subject to no change of government.

Demanding public disclosure creates more problems than it solves

‘Opening up everyone’s cupboards in the expectation that it will make everything better’ is not only wrong, but naïve and potentially damaging to clients, according to James Quarmby of law firm Stephenson Harwood. Quarmby was speaking at the Jersey Finance Private Wealth Conference about the increasing drive for transparency in international finance and the tension caused in relation to data protection and a client’s right to privacy.

Jersey’s innovation is driving growth

Seeking an informed perspective is critical to Jersey’s success as an international finance centre, delegates to the Jersey Finance Funds Conference were told. Jonathan Pugh-Smith, legal counsel for Bregal Investments was speaking as part of a panel and stressed that the island needed to focus on internal matters, but not ‘bury its head in the sand’.
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