Control of
Borrowing (Amendment No. 13) (Jersey)
Order 2008
Made 2nd April 2008
Coming into force 4th
April 2008
THE MINISTER FOR ECONOMIC DEVELOPMENT, in pursuance of Article 2 of the
Control of Borrowing (Jersey) Law 1947[1] and on the recommendation of the
Jersey Financial Services Commission, orders as follows –
1 Article 14 amended
In the Control of Borrowing (Jersey) Order 1958[2], in Article 14 –
(a) the
existing text shall become paragraph (1);
(b) after
paragraph (1) there shall be added the following paragraphs –
“(2) Nothing in this Order shall
apply to the transactions or acts of a company issuing units, within the
meaning of the Collective Investment Funds (Jersey) Law 1988[3] –
(a) which holds a permit as a functionary
specified in Group 1 of Part 2 of the Schedule to that Law; or
(b) in relation to which a certificate granted under Article 8B of that
Law is in force.
(3) Nothing in this Order shall apply to the
transactions or acts of a unit trust or of a limited partnership –
(a) that is an unclassified fund within the
meaning of the Collective Investment Funds
(Jersey) Law 1988; and
(b) in relation to which a certificate granted under Article 8B of
that Law is in force.”.
2 Citation
and commencement
This Order may be cited as
the Control of Borrowing (Amendment No. 13) (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