Financial Services
(Amendment of Schedules to Law) (Jersey) Order 2018
Made 23rd April 2018
Coming into force 23rd
July 2018
THE CHIEF MINISTER, in pursuance of Article 4(1) of the Financial Services (Jersey) Law 1998[1] and on the recommendation of the Jersey
Financial Services Commission, orders as follows –
1 Interpretation
In this Order “Law” means the Financial Services
(Jersey) Law 1998[2].
2 Schedule 1
amended
In Schedule 1 to the Law after paragraph 9 there shall be
inserted the following paragraph –
“9A Defined benefit schemes
Defined benefit schemes (within
the meaning of Article 130B(2) of the Income Tax (Jersey) Law 1961[3]).”.
3 Schedule 2
amended
In Part 1 of Schedule 2 to the Law, after paragraph 17
there shall be added the following paragraph –
“18 Defined benefit schemes
(1) Dealing in a defined benefit scheme by buying,
selling, subscribing for or underwriting the defined benefit scheme, either as
principal or as agent.
(2) Undertaking discretionary investment management
in respect of a defined benefit scheme by deciding as agent to buy, sell,
subscribe for or underwrite a defined benefit scheme on behalf of a principal.
(3) Giving investment advice in respect of a
defined benefit scheme by giving to persons in their capacity as investors or
potential investors advice on the merits of the purchase or sale of,
subscription for, or underwriting of, a defined benefit scheme.
(4) In this paragraph ‘defined benefit
scheme’ has the meaning given by Article 130B(2) of the Income Tax
(Jersey) Law 1961.”.
4 Citation
and commencement
This Order may be cited as the Financial Services (Amendment of
Schedules to Law) (Jersey) Order 2018 and shall come into force 3 months
after the day on which it is made.
senator i.j. gorst
Chief Minister