L.16/2004
Banking Business
(Amendment No. 4) (Jersey) Law 2004
A LAW to amend further the Banking
Business (Jersey) Law 1991[1] with respect to the making of applications and Orders.
Adopted by the
States 30th June 2004
Sanctioned by
Order of Her Majesty in Council 27th July 2004
Registered by the
Royal Court 27th
August 2004
THE STATES, subject to the sanction of Her Most Excellent Majesty in Council, have
adopted the following Law –
1 Article
8 amended
In Article 8 of the Banking
Business (Jersey) Law 1991[2] –
(a) for paragraph (1) there shall be substituted
the following paragraph –
“(1) Subject
to the provisions of this Law, on application by any person in the prescribed
manner and on payment of the prescribed fee, the Commission shall register the
person.”;
(b) in paragraph (8) for the words
“information or statement to be provided” there shall be
substituted the words “application, information, or statement,
provided”.
2 Article 48 amended
After Article 48(1A) of the Banking
Business (Jersey) Law 1991[3] there shall be inserted the
following paragraph –
“(1B) The power to make Orders under this Law may be
exercised –
(a) either in relation to all cases to which the
power extends, or in relation to all those cases subject to specified
exceptions, or in relation to any specified cases or classes of case; and
(b) so as to make, as respects the cases in
relation to which it is exercised –
(i) the
full provision to which the power extends or any lesser provision (whether by
way of exception or otherwise),
(ii) the
same provision for all cases in relation to which the power is exercised, or
different provision for different cases or classes of case, or different
provision as respects the same case or class of case for different purposes of
the enactment,
(iii) any
such provision either unconditionally or subject to any specified
condition.”.
3 Citation
and commencement
This Law may be cited as the Banking Business (Amendment No. 4)
(Jersey) Law 2004 and shall come into force on the seventh day following its
registration.
D.C.G. FILIPPONI
Assistant Greffier of the States.
[1] Volume 1990-1991, page 477, Volume
1992-1993, page 93, Volume 1996-1997, page 551, Volume 1998, pages 265 and 685,
Volume 1999, pages 420 and 525 and Volume 2002, page 95.
[2] Volume 1990-1991, page 495, Volume 1998,
pages 267 and 685.
[3] Volume 1990-1991, page 540 and Volume
1999, page 525.