Jersey Law 12/1998

FINANCIAL SERVICES COMMISSION (AMENDMENT) (JERSEY) LAW 1998

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A LAW   to amend the Financial Services Commission (Jersey) Law 1998, sanctioned by Order of Her Majesty in Council of the

22nd day of APRIL 1998

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(Registered on the 8th day of May 1998)

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STATES OF JERSEY

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The 20th day of January 1998

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THE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law –

ARTICLE 1

In Article 3 of the Financial Services Commission (Jersey) Law 19981 (hereinafter referred to as “the principal Law”) –

(a)     in paragraph (1) –

(i)      for the comma at the end of sub-paragraph (b) there shall be substituted a full stop; and

(ii)     the words “such appointments being made by the Committee and notified to the States” shall be deleted; and

(b)     after paragraph (1) there shall be inserted the following paragraph –

“(1A)   The Commissioners shall be appointed by the States from persons nominated by the Committee and such appointments shall be debated in camera.”.

ARTICLE 2

In sub-paragraph (c) of paragraph (1) of Article 12 of the principal Law2 after the words “any other matters” there shall be inserted the words “relating to financial services”.

ARTICLE 3

This Law may be cited as the Financial Services Commission (Amendment) (Jersey) Law 1998 and shall come into force on such day as the States may by Act appoint.