The Jersey Financial Services Commission (JFSC) has signed a bilateral agreement with the UK financial regulator to secure continued access for the island to the UK’s funds market.
The signed Memorandum of Understanding (MoU) with the Financial Conduct Authority (FCA) will ensure that Jersey’s investment funds industry will still be able to market its funds in the UK following Brexit.
The MoU will come into effect in the event that EU law no longer applies in the UK, which could be due to a ‘no deal’ Brexit or at the end of any transitional period once the UK has left the EU on an agreed basis.
The agr...
