Collective
Investment Funds (Jersey Private Funds) Order 2025
Official
Consolidated Version
This is an official
version of consolidated legislation compiled and issued under the authority of
the Legislation (Jersey) Law 2021.
Showing the law
from 6 August 2025 to Current
Collective
Investment Funds (Jersey Private Funds) Order 2025
1 Interpretation
In this Order –
“Jersey Private Fund” has the meaning given in
Article 2;
“Law” means the Collective
Investment Funds (Jersey) Law 1988;
“relevant consent”, in relation to a Jersey
Private Fund, means consent required under the following provisions of the Control of
Borrowing (Jersey) Order 1958 –
(a) Article 1, 2, 3 or
4, in the case of a body corporate (other than a limited liability company
registered as a body corporate under the Limited
Liability Companies (Jersey) Law 2018);
(b) Article 9, in the
case of a unit trust;
(c) Article 10, in the
case of a limited partnership;
(d) Article 11, in the
case of a limited liability partnership; and
(e) Article 4A or 11A,
in the case of a limited liability company.
2 Meaning of Jersey
Private Fund
(1) A
Jersey Private Fund is a scheme established in Jersey or elsewhere –
(a) that is for a restricted
group of investors; and
(b) in relation to which the
Commission has given the relevant consent as a Jersey Private Fund, in
accordance with the Jersey Private Fund Guide published by the Commission, as revised
and effective from 6 August 2025.
(2) For
the purposes of paragraph (1)(a), a scheme is for a restricted
group of investors if –
(a) the offer of the scheme’s
units is addressed to an identifiable category of persons to whom it is
directly communicated by the offeror or the offeror’s appointed agent; and
(b) only persons in that category
may accept the offer.
3 Jersey
Private Funds that do not constitute collective investment funds
A Jersey Private Fund does
not constitute a collective investment fund for the purposes of the Law if the Commission
gave the relevant consent in relation to it on or after 6 August 2025.
4 [1]
5 Citation and
commencement
This Order may be cited as the Collective Investment Funds (Jersey
Private Funds) Order 2025 and comes into force on 6 August 2025.