On 1 February 2016, the Minister for Finance signed statutory instruments number 44 and number 45 of 2016 into law. Pursuant to these Regulations, Jersey has now been designated a relevant jurisdiction under the Irish Collective Asset-management Vehicles Act, 2015. Accordingly, Irish established funds can now migrate to Jersey without the need to wind-up. Likewise funds established in Jersey can now migrate to Ireland, becoming an ICAV in the process.