Jersey is intending to introduce a streamlined authorisation procedure for closed ended investment funds already listed on other stock exchanges.
Its proposals for the new regime will be published in a Listed Funds Guide scheduled for release by the end of October which will outline the criteria funds need to meet in order to receive a quicker authorisation process. The Jersey Financial Services Commission (JFSC) is proposing closed ended investment funds which are listed on European and other leading stock exchanges, including the Channel Islands Stock Exchange, should enjoy a streamlined 72-hour approval procedure. And the JFSC says it intends to make the new regime available to private equity and property funds, as well as oth...
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