Jersey refuses to be 'back door' for Woodford comeback plan

James Baxter-Derrington
clock • 1 min read

In a firm warning, Jersey Financial Services Commission (JFSC) has said the island will not be a 'back door' to access the UK market, the FT has reported. Martin Moloney, director general of the JFSC, warned in an interview with the FT that any attempt to exploit Jersey's relationship with the UK through "regulatory arbitrage" would not be successful. "We would not want Jersey to be used by anyone to avoid the kind of protections, which rightly apply to investors in the UK," he said. "We aim for equivalent of similar outcomes in terms of the level of protection that our regulatory ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?