Active Services (Jersey) Limited’s operating subsidiary Active Corporate Services (Jersey) Limited, has secured regulatory approval from the Jersey Financial Services Commission. Active Corporate Services (Jersey) Limited is licensed to act as a Manager of a Managed Entity (MoME) (under class ZK of Fund Services Business) and to provide Director, MLRO / MLCO/ CO and Company Secretary and Registered Office services (under classes G, I & J of Trust Company Business) to the following: • Funds, fund like structures and investment managers / advisors (“investment management related clients”); • Entities providing services to investment management related clients; • Entities investing in investment management related clients or their related providers; and •Investee entities of investment management related clients. The new licence means that Active can offer experienced, professional and independent corporate governance and compliance support services to existing and new fund entities in Jersey as well as providing much-needed incubation support to new funds entering the Island. Regulation surrounding the Fund sector has changed quite significantly in the last two years, creating a consistent approach to regulation of each of the key sectors of financial services in the Island. The focus within the Funds sector is to regulate the companies that support the Funds (now known as functionaries licensed as Financial Services Businesses) separately from the underlying funds themselves, which are subject to varying regulation, dependant upon the type of structure, and the investors within the structure. Markus Kübeck, MD of the Active Services (Jersey) Limited said “Active is unique in its focus on providing independent fiduciary and compliance support services to Funds rather than being involved in their administration.” Markus continues, “We seeing an increased demand for our counsel on compliance issues from both existing clients and new referrals. We hope this latest approval from the JFSC provides clients and prospects with renewed impetus to discuss their corporate governance, fiduciary and compliance needs with us.” The licences mean that Active can help free up time for those administrators who are finding specific non-core roles burdensome on their compliance and/or administration teams. For new Funds entering Jersey, Active can supply managed office space, together with all the supporting roles that would be required to meet current regulatory standards. Founded in 2001, Active Group offers independent support services to the offshore fund and management industry. The range of services available extends from assistance at the commencement of a fund’s life, either through support with fund establishment or guidance through the regulatory application process, to a variety of ongoing support available during a fund’s life. Additionally, we offer compliance and regulatory support services to regulated financial services businesses in Guernsey, Jersey, and the Isle of Man. These services include the provision of experienced compliance professionals to undertake independent reviews for fund boards or fund administrators. The Group is also actively engaged in providing operational assistance and on ground support for fund administrators. For more information on the MoME services offered by Active Corporate Services (Jersey) Limited and the compliance and regulatory support services offered by the Active Group generally call Markus Kübeck on +44 (0) 1534 828976 or email markus.kubeck@activeoffshore.com