Funds market ‘safe for seven years’
Monday 20th December 2010, 3:00PM GMT.
Robert Kirkby.
THE joint efforts of Jersey and Guernsey working together to influence European policy on the funds industry were praised at a seminar last week.
And partly as a result of those efforts, an industry expert forecast that the Channel Islands will be able to continue to market funds in Europe for at least seven years without any changes to rules governing activity.
The efforts of the two islands were praised by the former technical director of Jersey Finance, Robert Kirkby, who is now advisory director at professional services firm KPMG.
• See Monday’s JEP for full story and more business news.
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“the Channel Islands will be able to continue to market funds in Europe for at least seven years”
That may be the case for Guernsey, but not for Jersey unless it comes up with a tax regime which the EU does not consider harmful.
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#1 you reall shouldn’t comment on things you have no idea about.
The marketing of Jersey funds has absolutely nothing to do with Zero Ten.
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No 2.
It is not clear what the final provisions regarding the ‘passport’ for non-EU managers will be, but one area which will almost certainly be considered is whether the EU considers a tax regime harmful or not
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