Transcription of Jersey Private Fund Guide
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Jersey Private Fund Guide
Issued: 15 march 2017 Page 1 of 14 Effective From: 18 April 2017 Jersey Private fund Guide The purpose of this Guide is to set out the eligibility criteria for a Jersey Private fund (JPF) which requires a consent to be issued pursuant to the Control of Borrowing ( Jersey ) Order 1958 (COBO). A JPF which satisfies the eligibility criteria set out in this Guide may be established and issued with a relevant consent pursuant to COBO using the streamlined authorisation process, as described in this Guide . A. Basic definition A JPF is a Private investment fund involving the pooling of capital raised for the fund and which operates on the principle of risk spreading.
Jersey Private Fund Guide Page 2 of 14 Issued: 15 March 2017 Effective from: 18 April 2017 B. Scope It is not intended that holding companies or joint venture arrangements will fall within the definition
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