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

James Baxter-Derrington
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Neil Woodford previously hinted that a new firm would be based in Jersey
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Neil Woodford previously hinted that a new firm would be based in Jersey

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. ...

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