Ringing the changes

With the growth of its finance centre paramount to the economy, Jersey has implemented a number of regulatory reforms to help it compete on an international level with other offshore centres. Outdated trust and fund laws are being overhauled to meet the demands of the industry, as it looks to a new era of financial services where sophisticated international wealth management solutions are the norm. While many of the proposed changes - which include amendments to existing trust law, the introduction of foundation structures and super expert funds together with a more streamlined regula...