Feedback on changes to our alternative investment fund code to align with the EU’s Alternative Investment Fund Managers Directive II
We have published feedback from our recent consultation about changes to our code of practice for alternative investment funds and alternative investment fund services business, to align Jersey’s framework with the EU’s Alternative Investment Fund Managers Directive II (AIMFD II).
This supports Jersey’s continued market access in the EU.
The consultation also proposed splitting our code of practice into an EU‑focused code and a future UK‑focused code once the UK’s new approach to AIFMD is fully developed, recognising the regimes are diverging.
We received one response to the consultation, which confirmed the impact of these changes on Jersey businesses are not considered material.
We will now move forward with publishing our amended EU-focused code ahead of EU AIFMD II’s effective date on Thursday 16 April.
Our existing alternative investment fund code will continue to apply for the UK regime, until we introduce the new UK‑focused code.
Contact our Policy team for any support with the upcoming changes.