The Government of Jersey and the Jersey Financial Services Commission (JFSC) have announced significant enhancements to the Jersey Private Fund (JPF) regime, aimed at improving flexibility, accessibility, and speed-to-market. These updates, coming into effect on the 6 August 2025, further demonstrate Jersey’s robust yet responsive legal and regulatory framework and its ability to adapt to shifting market demands, reinforcing the island’s position as a leading international fund domicile.
Key changes to the JPF Regime
- Removal of the 50 investor limit
The 50-investor cap has been removed, meaning there is no longer a restriction on the number of offers or investors for a JPF. - Ability to list JPFs
For the first time, JPFs will be able to list units, shares, or interests on a stock exchange, with the consent of the JFSC. This is particularly beneficial for funds seeking technical listings or private placements with a select group of investors. - Faster authorisation
The JFSC has halved the authorisation timeline, enabling JPFs to be approved within 24 hours (down from 48 hours) when submitted via a Designated Service Provider (DSP). - Expanded investor eligibility
The categories of eligible investors have been broadened to include:- “Professional clients” as defined by the UK FCA’s Conduct of Business Sourcebook.
- “US accredited investors” as defined by the U.S. Securities and Exchange Commission under Regulation D.
These new categories join the existing wide pool of professional investors, high-net-worth individuals, family offices, and sophisticated investors already eligible for JPF participation.
By removing restrictions and introducing greater flexibility to one of Jersey’s most successful fund structures, the island is ensuring its funds industry continues to evolve in line with global investor demands and market expectations. The changes will help solidify Jersey’s flagship fund product as an even more attractive option for global fund managers and investors.
Maximise your opportunities in Jersey
Belasko has deep expertise in structuring and administering Jersey Private Funds.
Our Jersey-based team can assist with establishing new JPFs under the enhanced framework, provide end-to-end fund administration, governance, and reporting services, advise on compliance and regulatory requirements and help ensure a smooth and swift launch of your fund.
With our strong local presence and international outlook, we’re well positioned to help fund managers and investors take full advantage of these improvements to the JPF regime.
If you’d like to discuss further, please get in touch with us: paul.lawrence@belasko.com.
