Legal & Regulation

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Jersey sees uptick in number of fund managers choosing the island’s private placement regime

Jersey sees uptick in number of fund managers choosing the island’s private placement regime

A growing number of Jersey-registered fund managers are opting to future-proof their strategies and market into Europe through national private placement regimes (NPPRs) under the Alternative Investment Fund Managers Directive (AIFMD), according to the latest figures from Jersey’s regulator, the Jersey Financial Services Commission (JFSC).

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Barrister says Unexplained Wealth Orders likely to apply to political rather than criminal elements

Barrister says Unexplained Wealth Orders likely to apply to political rather than criminal elements

Unexplained Wealth Orders came into force on 31 January, designed to enable law enforcement agencies such as the SFO and NCA to apply to Court for an Order necessitating people, including foreign politicians and their family members, to identify any interest in an asset that is worth over GBP50,000, giving information about how it was obtained without having to give recipients notice.

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Luxembourg: Hub of European fund industry

Luxembourg: Hub of European fund industry

The days of thinking about single jurisdictions are long gone. When structuring a large private equity fund, for example, it is likely going to contain international investors (the US, Europe, Asia) and is, in effect, a commercial deal between all interested parties to draw down the money. The reality is, different investors have different preferences.