Have your say: proposed updates to limited liability companies guidance
We are consulting on targeted updates to our guidance on limited liability companies (LLCs). The changes aim to broaden the use of LLCs in Jersey and make the guidance easier to understand and apply.
Read the full consultation on limited liability companies guidance and submit your feedback online by 12:00pm on Thursday 6 August 2026.
Who does this affect?
These proposals may affect:
- corporate trustees in Jersey
- businesses regulated under the Financial Services (Jersey) Law, including:
- fund services business
- trust company business
- investment business
- general insurance mediation business
- money service business
Summary of proposals
We are proposing four main changes to the current guidance:
- allow LLCs to act as corporate trustees to align with updates to the Trusts (Jersey) Law 1984 and remove uncertainty about whether LLCs can fulfil this role
- allow LLCs to be used for certain regulated activities under the Financial Services (Jersey) Law, without changing the existing authorisation process
- remove the ‘financially sophisticated investor’ restriction so LLCs would no longer be limited to financially sophisticated investors or customers, making the structure more accessible while maintaining existing regulatory protections
- improve clarity and accessibility of the guidance to make it clearer, easier to follow and more proportionate
These changes aim to support wider use of LLCs and ensure our guidance is simple, clear and consistent.
Next steps
Submit your feedback online by 12:00pm on Thursday 6 August 2026.
We will consider your feedback and publish our response outlining next steps in September 2026.
Contact our Policy team if you have any questions.