Codes of Practice and Jersey Private Fund (JPF) updated following consultation

Jersey’s certified funds, fund services business and JPF Guide have been updated following their sustainable investments consultation.

This change has affected the code of practice for Certified Funds and for Fund Services Business. The amendment now requires all funds, registered people and JPF’s that are marketed on the basis that sustainable investments are one of their investment objectives must now disclose all material information in relation to sustainable investment method, strategy and objectives. Registered persons must also notify the JFSC, in writing, within five business days of the Registered person becoming aware of the Fund not disclosing such material information in relation to the sustainable investment strategy and objectives of the fund.

Funds, registered people and JPF’s that existed prior to 15 July 2021 have a six month transitional period to comply.

Link to the feedback on consultation (this includes the amendments).