Organised by BPP, the fourth Real Estate and Real Estate Funds conference will be taking place at the Radisson Hotel on 18 June and will provide insight and predictions from over 10 industry experts from Jersey and the UK.

Sophie Reguengo, an investment funds and regulatory lawyer at Ogier, will be covering the subject of ‘Substance for real estate fund managers’.

Pictured: The Economic Substance Law was introduced following pressure from EU Finance Ministers.

The Economic Substance Law was introduced last year to ensure that the island cannot be used as a base for ‘shell’ companies facilitating tax dodging following pressure from EU Finance Ministers.

“Fund managers are in scope for the purposes of Jersey’s new substance law, meaning Jersey fund managers need to comply with the new substance requirementswith effect from 1 January 2019, if they generate gross income from managing the fund,” she commented.

“Compliance includes demonstrating that the fund manager is directed and managed in Jersey and also its core income generating activities in the Island.  Failure to do so risks suffering progressive sanctions such as financial penalties, disclosure and striking off from the register.”

The event will also welcome economist Dr Desné Masie, who specialises in regulation, innovation and policy, and Amanda Clack, Head of Strategic Advisory at CBRE.