Service notice – myRegistry and our Security Interests Register will be unavailable due to scheduled maintenance from 10:00am until 6:00pm on Saturday 29 November and 6:00pm on Tuesday 2 December until 2:00am on Wednesday 3 December.
Application timescales for fund products and fund service providers
We aim to authorise complete and correct applications within the timescales below.
We may not always be able to meet these timescales for example, during busy periods or if we receive multiple applications in connection with the same group or scheme arrangement. In such circumstances, applications will be dealt with on a best endeavours basis.
Expedited requests
Requests to the Authorisation team for expedited applications outside of the timeframes will be considered only if workloads permit.
Non-compliant or incomplete applications
If an application is not in compliance with relevant JFSC policies, codes and guidance notes the ‘clock’ will stop until all queries are resolved. If an application is incomplete, it will be returned to the applicant.
AIF regulations products
Authorisation timescale
AIF where existing Jersey Private Fund, Jersey Private Placement Fund or Jersey COBO Only Fund
5 working days subject to prior AIFSB approval (where relevant)
AIF where existing Jersey Very Private Fund
10 working days
CIF products
Authorisation timescale
Jersey Recognized Fund
20 working days
Jersey Unclassified Fund
30 working days (in the event that in principle consent is applied for in advance of the full application 10 working days for in principle consent and up to a further 20 working days' for the full documentary review)
Jersey Expert Fund
3 working days subject to prior FSB approval
Jersey Listed Fund
3 working days subject to prior FSB approval
Jersey Eligible Investor Fund
3 working days subject to prior FSB approval
Non-Domiciled Fund
5 working days (for issue of COBO consent)
Sub-Fund
5 working days
COBO product
Authorisation timescale
Jersey Private Fund
2 working days' subject to prior DSP approval
Service provider to AIF regulations products
Authorisation timescale
AIFSB
10 working days
Sub-Threshold AIF Manager
5 working days
AIF Codes/Depositary (notification)
10 working days
AIF/Closed-Ended Depositary
10 working days
Service provider to CIF products
Authorisation timescale
FSB - full presence
30 working days
FSB - managed entity applying high level codes
10 working days
FSB – managed entity applying to act for additional CIF product
5 working days
FSB - additional class
10 working days
Other
Authorisation timescale
Maintenance Task (including AIF/EXEMPT and AIFSB/EXEMPT notifications)
10 working days
Full Electronic PQ
30 working days
Updated Electronic PQ
10 working days
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