FAQ Limited Partnerships Regulations

The Limited Partnerships (Continuance) (Jersey) Regulations 2020 introduce a new statutory basis for limited partnerships, which are frequently used for alternative fund structuring, to be migrated from other jurisdictions, providing greater legal certainty for managers and investors.

17 July 2020

When did the Draft Limited Partnerships (Continuance) (Jersey) Regulations 2020 (the “Regulations”) come into force?

What do these Regulations achieve?

What requirements must a foreign limited partnership fulfil to continue as a Jersey law governed limited partnership?

What is the effect of the Certificate of Continuance?

What happens if the general partner (GP) wants to migrate and is an incorporated foreign law company?

What happens if the limited partnership operates as a fund?