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Jersey Favoured For Non-UK LSE Listings

Monday, July 23, 2012

Jersey entities account for the lion's share of non-UK listings on the London Stock Exchange's FTSE100 Index, according to a new report.

Figures compiled by Hemscott confirm that Jersey continues to be the number one ranked jurisdiction for registering FTSE 100 companies outside of the UK. Of the eleven such companies as of June 29 this year, eight are listed in Jersey with a combined market capitalization of GBP69bn (USD108bn). Ireland, Spain and Guernsey each have one company registration.

Jersey has a further nine companies registered in the FTSE 250 Index, representing a total market capitalization value from both indexes of more than GBP78bn - at least six times higher than any of its closest competitors in the market. Jersey is also one of four jurisdictions alongside Bermuda, the British Virgin Islands and Guernsey, with the most Alternative Investment Market (AIM) companies registered outside of the UK.

The research shows also that in the most recent three month period to the end of June 2012, Jersey was home to five companies which floated on the London Stock Exchange, half of all the non UK company flotations during the period.

Geoff Cook, chief executive of Jersey Finance - the promotional agency for the island's financial services industry, commented:

"One of Jersey’s strengths in the global markets is its appeal as a jurisdiction for listings and these latest figures on the listings on London’s Main Markets highlight our pre-eminent role in attracting the large scale listings. The rankings help to demonstrate that we have the skilled practitioners here to advise some of the world’s leading companies on the advantages of registering in Jersey and that when combined with our attractive companies law, robust regulation and tax neutrality, (this makes) Jersey an ideal choice for this type of business."

Among the Jersey companies formed to list on the main London Exchange in the last eighteen months has been one for Glencore, the world’s largest commodity trader, which established a Jersey holding company in May 2011 for the biggest ever Initial Public Offering (IPO) on the London Stock Exchange, and Genel Energy plc, which was admitted to the Main Market in June 2011 and was the second largest flotation on the London Stock Exchange last year after Glencore.

Worldwide Jersey is home to close to 100 companies which are listed on global stock exchanges with a total market capitalization exceeding GBP135bn.

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The Report

Offshore Trusts Guide: Introduction

The History of Offshore Trusts
Development of Professional Competence in the Jurisdictions
What Future for the Trust?
The New Age of Transparency
The Swiss Association of Trust Companies
The Society of Trusts and Estates Practitioners

Offshore Trusts Guide: Jurisdictions

Bahamas

Bahamas: Legal Framework and Formation Rules and Fees
Bahamas: 2006 Private Trust Companies Legislation

Barbados

Barbados: Legal Framework and Formation Rules and Fees
Barbados: Supervisory and Licensing Regime and Fees

Bermuda

Bermuda: Legal Framework and Formation Rules and Fees
Bermuda: Supervisory and Licensing Regime and Fees

British Virgin Islands

British Virgin Islands: Legal Framework and Formation Rules and Fees
British Virgin Islands: Special Trusts Act 2003
British Virgin Islands: The Trustee Act 2003
British Virgin Islands: :Supervisory and Licensing Regime and Fees
British Virgin Islands: New Laws on Private Trust Companies
British Virgin Islands: New Private Trust Company Regulations

Cayman Islands

Cayman Islands: Legal Framework and Formation Rules and Fees
Cayman Islands: Supervisory and Licensing Regime and Fees

Cook Islands

Cook Islands: Legal Framework and Formation Rules and Fees
Cook Islands: Supervisory and Licensing Regime and Fees

Cyprus

Cyprus: Legal Framework and Formation Rules and Fees
Cyprus: Supervision, Licensing and Tax

Gibraltar

Gibraltar: Legal Framework and Formation Rules and Fees
Gibraltar: Legislation, Regulation and Supervision

Guernsey

Guernsey: Legal Framework and Formation Rules and Fees
Guernsey: Trusts Law 2007

Isle of Man

Isle of Man: Legal Framework and Formation Rules and Fees
Isle of Man: Supervisory and Licensing Regime
Isle of Man: Uses Clients and Tax Treatment

Jersey

Jersey: Legal Framework and Formation Rules and Fees
Jersey: Supervisory and Licensing Regime
Jersey: Trusts Amendment Act 2006
Jersey: Foundations

Liechtenstein

Liechtenstein: Legal Framework and Formation Rules and Fees
Liechtenstein: Regulation Supervision and Transparency
Liechtenstein: Characteristics of Liechtenstein Trusts
Liechtenstein: Foundations

Madeira

Madeira: Legal Framework and Formation Rules and Fees

Malta

Malta: Legal Framework and Formation Rules and Fees
Malta: The Trust and Trustees Act 2004

Mauritius

Mauritius: Legal Framework and Formation Rules and Fees
Mauritius: Characteristics of the 2001 Trusts Act
Mauritius: Additional Provisions of the 2001 Trusts Act
Mauritius: Tax Treatment

Monaco

Monaco: Legal Framework and Formation Rules and Fees

Nevis

Nevis: Legal Framework and Formation Rules and Fees

Panama

Panama: Legal Framework and Formation Rules and Fees
Panama: Requirements for Acting as Trust Company in Panama

Seychelles

Seychelles: Legal Framework and Formation Rules and Fees

Turks & Caicos

Turks & Caicos: Legal Framework and Formation Rules and Fees
Turks & Caicos: The Voidable Dispositions Ordinance

Vanuatu

Vanuatu Legal Framework and Formation Rules and Fees




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