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ESMA advice continues to underline Jersey European market access certainty

Jersey’s position as a jurisdiction for marketing alternative investment funds into the European investor market has been further underlined by an announcement relating to the extension of the funds passport to twelve non-EU countries under the Alternative Investment Fund Managers Directive (AIFMD). The European Securities and Markets Authority (ESMA) has confirmed that Jersey is one of only five non-EU jurisdictions to have no obstacles at all in being able to apply the passport.

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