Financial Services
(Trust Company Business (Exemptions)) (Amendment No. 3) (Jersey) Order 2008
Made 2nd April 2008
Coming into force 4th
April 2008
THE MINISTER FOR ECONOMIC DEVELOPMENT, in pursuance of Articles 4(1)(a)(i), 7(2)(a)(ii) and 42 of the Financial
Services (Jersey) Law 1998[1] and on the recommendation of the Jersey Financial Services
Commission, orders as
follows –
1 Schedule to Order amended
In the Financial Services (Trust Company Business (Exemptions))
(Jersey) Order 2000[2], in the
Schedule –
(a) in
Part 1, in the note to paragraph 13A, for the words “or the
holder of a permit,” there shall be substituted the words “, the
holder of a permit or a certificate holder,”;
(b) in
Part 2 –
(i) in
paragraph 14A for sub-paragraph (3) there shall be substituted the
following sub-paragraph –
“(3) A company issuing units that
is a certified fund within the meaning of the Collective Investment Funds
(Jersey) Law 1988[3], when carrying on, in accordance with the certificate granted to the
company under that Law, trust company business as part of the business
of the fund.”;
(ii) in
the notes to paragraphs 15 and 16, for the words “or the holder of a
permit,” there shall be substituted the words “, the holder of a
permit or a certificate holder,”.
2 Citation and commencement
This Order may be cited as the Financial Services (Trust Company
Business (Exemptions)) (Amendment No. 3) (Jersey) Order 2008 and
shall come into force on the same day as the Collective Investment Funds
(Amendment No. 4) (Jersey) Law 2008.
senator p.f.c. ozouf
Minister for Economic Development