Jersey will not be 'back door' for Woodford relaunch - reports

Regulator issues firm warning

Jersey Financial Services Commission (JFSC) has stated the island will not be a "back door" to access the UK market, the Financial Times 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. "We aim for equivalent of similar outcomes in terms of the level of protection that our regulatory regime provides, and we actively consider the impact that businesses here can have on investors in other jurisdictions." The warning comes following Woodfo...