Consultation on limited liability companies guidance

1    Executive summary

1.1    Overview

1.1.1    This consultation paper asks for feedback on proposed changes to our guidance on limited liability companies (LLCs).

1.1.2    We introduced the LLC product in Jersey in 2018. As of 19 June 2026, 49 LLCs have been registered.

1.1.3    Industry feedback is that some parts of the current guidance may limit the use of LLCs. We have therefore worked with an industry working group to consider targeted changes to the guidance.

1.1.4    The proposed changes would allow Jersey LLCs to be used in more ways, including as corporate trustees, for certain regulated financial services businesses. We are also proposing lifting the restriction on the use of LLCs for financially sophisticated investors and making further clarifications to improve the accessibility of the guidance.

1.1.5    The draft new guidance is included as Appendix A.

1.1.6    These proposals support our strategic aim to simplify the regulatory framework, ensuring our guidance is proportionate and accessible. This helps industry apply requirements consistently and supports confidence in Jersey as a well-regulated international finance centre.

1.2    Who would be affected?

1.2.1    The proposals may affect:

1.2.1.1    Jersey corporate trustees

1.2.1.2    fund services business, trust company business, investment business, general insurance mediation business or money service business under the Financial Services (Jersey) Law 1998 (FSJL)

1.3    Invitation to comment

1.3.1    We welcome your views on the proposals, including the:

• use of LLCs as corporate trustees
• use of LLCs as fund services business, trust company business, investment business, general insurance mediation business or money service business under the FSJL
• removal of the limitation on the use of LLCs for financially sophisticated investors and customers only
• clarity and accessibility of the guidance

1.3.2    Submit your response via our SmartSurvey by 12:00pm on Thursday 6 August.

Read the full consultation on limited liability companies guidance.