More positive news for Jersey’s funds industry

Following the recent news that the value of regulated funds under administration in Jersey has reached record highs in excess of £300bn, the islands regulator, the Jersey Financial Services Commission has released data on the rise in  the number of alternative fund managers choosing to market their funds through national private placement regimes (NPPRs), reports Jersey Finance.

By the end of 2018, the number of Jersey registered managers opting to market into the EU through NPPR had risen by 13% year on year, with alternative funds marketing through this regime increased by 8% in the same period.

Nick Solt, managing director of Moore Stephens Fund Services team commented “The lighter regulatory obligations of NPPRs and range of bilateral agreements between Jersey and EU Member states provide managers with a cost-effective marketing route into the EU.”