Following a boost in US investor confidence, the metrics for the global funds industry are now better than they have been for a long time. This briefing reports on the current state of global markets; and outlines some of the opportunities and risks a funds resurgence brings.

From 1 January 2013, the US Foreign Account Tax Compliance Act will require foreign financial institutions to enter into an agreement with the US Internal Revenue Service to send certain information on their US account holders. This briefing outlines in detail the impact of the new rules.

In January 2012, the Jersey Financial Services Commission launched a new private placement funds regime in order to facilitate close-ended funds, including property funds and private equity funds, for offer to not more than 50 professional investors or sophisticated investors.

From January 2012, a new regulatory authorisation process for the establishment of privately placed funds is available in Jersey. This briefing provides a general overview of the new PPF regime, how it will be managed and administrated, permitted investors and promoter requirements.

The monthly newsletter from Collas Crill collates the latest stories from the Channel Islands' funds sector. Amongst the featured items this month are proposed legislation in relation to Heavily Indebted Poor Countries, the success of Channel Islands Shariah funds and Social Investment Funds.

Jersey's legislature has approved the Companies (Amendment No.5) (Jersey) Regulations 2011 which permit a Jersey company to merge with a non-Jersey company. Mourant Ozannes sets out the principal provisions.

The Security Interests (Jersey) Law 1983 is set to be replaced in the late 2011 or early 2012 by the Security Interests (Jersey) Law 201-(the new Law). Mourant Ozannes provides an overview of the key changes.

Jersey has long enjoyed an excellent reputation as a jurisdiction in which to establish an investment fund. For Chinese fund promoters wanting to establish a fund and for Chinese investors investing in a fund, Jersey offers many advantages. Mourant Ozannes reports.