Annual Report 2012 - the Jersey Financial Services Commission

FundsCollective Investment Funds (Jersey) Law 1988 (the “Law”)Control of Borrowing (Jersey) Order 1958 (The “Order”)Summary of Statistical Survey of Funds Serviced in Jersey as at 31 December 2012From 1 October 2003 the Commission has excluded from the figures the collective investment funds forwhich a certificate or permit was issued under the Law for the function of distributor or similar minor function.However, the Commission now collects statistics on the private schemes administered in the Island which,although not requiring a certificate or permit under the Law, require consent under the Order (such funds aretermed “COBO Funds”). Funds regulated under the Law are referred to herein as “CIFs”.Date Net asset value (£ billions) Number of funds Number of separate pools31 December 2010 184.703 1,324 2,52231 December 2011 189.424 1,392 2,45431 December 2012 192.761 1,388 2,322Analysis of CIFs and COBO FundsFund typeOpen-ended/Closed-endedTotal NAV £ billionsTotal No. of fundsNumber ofseparate poolsCIFs Closed 112.578 508 562CIFs Open 72.523 695 1,575CIF Sub Total: 185.101 1,203 2,137COBO Funds Closed 7.166 163 163COBO Funds Open 0.494 22 22COBO Sub Total: 7.660 185 185Total: 192.761 1,388 2,322Analysis by Class - 31 December 2012Fund typeNet asset value(£ billions)Number offundsNumber ofseparate poolsUnclassified CIFs 131.673 728 1,431Recognized CIFs 1.902 10 35Listed Funds 3.007 24 25Expert CIFs 48.519 441 646CIFs Sub Total 185.101 1,203 2,137COBO Funds 7.660 185 185Total 192.761 1,388 2,322Value £ billions160140120100806040Analysis of funds by classification200UnclassifiedCIFsRecognisedCIFsListedFundsExpertCIFsCOBOFunds2010 2011 201244 | ANNUAL REPORT 2012