Jersey has made further progress in simplifying its financial services framework by making changes to its prospectus requirements to make it easier for Jersey companies to operate internationally.
The changes, which came into effect yesterday (30 September), mean requirements such as registrar consent will now no longer apply to the circulation of prospectuses outside Jersey. This will reduce unnecessary administration and duplication to help create a more efficient business environment in Jersey, Jersey Finance said.
As part of its package of reforms, Jersey is also scrapping the Control of Borrowing Law and associated Order (COBO), subject to approval. This would remove COBO controls when issuing of shares, securities and other ownership interests by Jersey entities, as well as from activities by non-Jersey entities raising money or having interests registered in Jersey.
The proposed law would make the incorporation and establishment of Jersey vehicles and the migration of foreign entities into Jersey a more consistent process, simplifying systems for international businesses and their advisers.
The changes form part of the Government of Jersey’s Financial Services Competitiveness Programme and implement plans set out in its Time to Win report, launched in March 2026.
Minister for external relations with responsibility for financial services, Senator Ian Gorst, said: “The Control of Borrowing framework was created for a different time and a different economy. These proposals would replace its remaining requirements with a simpler, more modern framework, removing duplication while maintaining appropriate oversight where it is needed.
“Alongside the prospectus changes already approved, this is part of our work to make it easier for businesses to operate in Jersey and internationally and to strengthen Jersey’s position as a leading international finance centre.”
Joe Moynihan, CEO of Jersey Finance, added: “Removing outdated and duplicative requirements will help create a simpler and more consistent experience for those doing business in Jersey, while ensuring appropriate oversight remains in place.
“The proposals would also provide a modern and flexible foundation for key areas of our proposition, including Jersey Private Funds and digital assets. This will help Jersey remain responsive to the needs of international markets and provide an efficient environment in which to do business.”
