Financial Services
(Amendment of Schedule 2 to Law) (No. 3)
(Jersey) Order 2009
Made 21st January 2009
Coming into force 28th
January 2009
THE MINISTER FOR ECONOMIC DEVELOPMENT, in pursuance of Articles 4 and 42 of the
Financial Services (Jersey) Law 1998[1] and on the recommendation of the
Jersey Financial Services Commission, orders as follows –
1 Amendment
of Schedule 2
In Schedule 2 to the Financial Services
(Jersey) Law 1998[2] –
(a) in
paragraph 3B for sub-paragraph (6)(a) there shall be substituted the
following clause –
“(a) a collective investment
scheme that –
(i) is
an undertaking for collective investment in transferable securities within the
meaning of Council Directive No. 85/611/EEC of 20 December 1985 on the
co-ordination of laws, regulations and administrative provisions relating to
undertakings for collective investment in transferable securities (UCITS) (O.J.
No. L375 31.12.1985) as amended by Directive 88/220/EEC of 22nd March 1988
(O.J. L100, 19.4.1988), Directive 95/26/EC of 29th June 1995 (O.J. L.168,
18.7.1995), Directive 2000/64/EC of 7th November 2000 (O.J. L290 17.11.2000),
Directive 2001/107/EC of 21st January 2002 (O.J. L41, 13.2.2002), Directive
2001/108/EC of 21st January 2002 (O.J. L41, 13.2.2002), Directive 2004/39/EC of
21st April 2004 (O.J. L145 30.4.2004), Directive 2005/1/EC of 9th March 2005
(O.J. L79, 24.3.2005) and Directive 2008/18/EC of 11th March 2008 (O.J. L76
19.3.2008), and
(ii) is
authorized in accordance with that Directive;”;
(b) there
shall be added after paragraph 21 –
“22 Certain overseas distributors
The activities described in
paragraph 3B.”.
2 Citation
and commencement
(1) This
Order may be cited as the Financial Services (Amendment of Schedule 2 to
the Law) (No. 3) (Jersey) Order 2009.
(2) This
Order comes into force 7 days after it is made.
senator a.j.h. maclean
Minister for Economic Development