Jersey Law
22/1998
BORROWING
(CONTROL) (AMENDMENT No. 4) (JERSEY) LAW 1998
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A LAW to
amend further the Borrowing (Control) (Jersey) Law 1947 and to validate certain
decisions and acts of the Jersey Financial Services Commission taken or done on
or after the ninth day of September 1998 but before this Law comes into force;
sanctioned by Order of Her Majesty in Council of the
21st day of OCTOBER 1998
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(Registered on the
13th day of November 1998)
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STATES OF JERSEY
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The 28th day of July 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 2 of
the Borrowing (Control) (Jersey) Law 1947, as amended
(hereinafter referred to as “the principal Law”), in paragraph
(1AA), in the words added by sub-paragraph (a) of paragraph 3 of the Schedule
to the Limited Liability Partnerships (Jersey) Law 1997,
for the word “Committee” there shall be substituted the word
“Commission”.
ARTICLE 2
Any decision
taken or act done by the Jersey Financial Services Commission in the discharge
of its functions under an Order made under paragraph (1) of Article 2 of the
principal Law on or after the ninth day of September 1998 but before this Law
comes into force is declared to be as valid as it would have been if this Law
had come into force on that day.
ARTICLE 3
This Law may be
cited as the Borrowing (Control) (Amendment No. 4) (Jersey) Law 1998.
G.H.C. COPPOCK
Greffier of the
States.
Tome
VII, page 388, Volume 1986–1987, page 57, Volume 1994–1995, page
171, Volume 1996–1997, pages 288, 548 and 549 and Volume 1998–199,
page 254.
Volume
1996–1997, page 549.