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Channel Islands Annual Reports Insights Survey

Published on: 10 Jun 2016

The listed market continues to be very important for the Channel Islands fund industry with 222 Channel Island companies listed on the London markets as at 31 December 2015 with market capitalisation of £152 billion. This represents nearly 25% of all companies classified by the London Stock Exchange as equity investment companies or nearly 30% by market capitalisation.

As part of this report, we have focussed on the investment company sector and data from the Association of Investment Companies (‘AIC’) also suggests that significant funds are still raised through Channel Island incorporated companies with £3.9 billion raised in 2015 (2014: £4.1bn) through new and existing structures.

This is the second year Deloitte have surveyed the annual reports of Channel Island London Listed Funds (‘CILLFs’). Our 2014 survey considered the extent to which CILLFs rose to the challenge of the changes in corporate governance, regulatory and accounting requirements and how they met investor and broker expectations. We were very encouraged by the quality of annual report surveyed and the level of compliance, particularly where disclosures were adopted voluntarily.

As there were no significant changes in corporate governance or accounting requirements this year, rather than producing a full survey, we instead focussed our attention on specific areas of interest.


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