Jersey intends to overhaul the legal framework for fund promoters and administrators as part of a continuing programme of enhancement to its fund regulations. This would enable functionaries to conduct their activities on an ongoing basis without needing to secure a new approval each time they acted for a different fund.

New legislation permitting the formation of Protected Cell Companies coupled with the reform of the island’s trust laws should also provide additional enhancements. 

These were amongst the legislative developments highlighted by Helen Hatton, the deputy director general of the Jersey...