Whilst each institution has a unique suite of issues, there tend to be common objectives which include:

Simplifying group structures by merging and/or

Consolidating vehicles and regulatory licences;

Satisfying revised capital adequacy and solvency requirements;

De-risking by effecting disposals of non-core business, clients or portfolios;

Developing core business and associated infrastructure through investments and acquisitions.

There are a number of potential options available for corporate restructuring in a regulated environment including:

Contractual assignments of business portfolios;

Corporate Schemes of Arrangement under Part 18 A of the Companies (Jersey) Law 1991 (the Companies Law);

Corporate Mergers under Part 18 B of the Companies Law;

Private laws;

Segregated Account/ Trust Schemes;

Transfers under the Banking Business (Jersey) Law 1991 (the Banking Law).

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