Brexit, Blacklists and the Power To Anticipate: Jersey Roundtable
Brexit, substance and transparency requirements, which have resulted in increased regulatory and reporting burden, and also increased
cost and uncertainty, have put different jurisdictions to test in different ways over the past years. At the same time, we have seen
jurisdictions blacklisted and gray-listed and more political uncertainty in general.
Sadly,
blacklisting ends up having consequences, particularly when EU investors are involved. All managers will try to avoid utilizing a
jurisdiction where there could be surprises, like a blacklisting or a change of regulation from an unpredictable government. When
evaluating jurisdictions, a manager should understand if the jurisdiction has the ability to absorb these waves without disruption to their