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Financial Services (Investment Business (Client Assets)) (Amendment) (Jersey) Order 2018

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Financial Services (Investment Business (Client Assets)) (Amendment) (Jersey) Order 2018

Made                                                                           23rd April 2018

Coming into force                                                         23rd July 2018

THE CHIEF MINISTER, in pursuance of Articles 20 and 42 of the Financial Services (Jersey) Law 1998[1] and on the recommendation of the Jersey Financial Services Commission, orders as follows –

1        Financial Services (Investment Business (Client Assets)) (Jersey) Order 2001 amended

In Article 1 of the Financial Services (Investment Business (Client Assets)) (Jersey) Order 2001[2], after the definition “intermediary” there shall be inserted the following definition –

“ ‘investment’ does not include a defined benefit scheme (within the meaning given by Article 130B(2) of the Income Tax (Jersey) Law 1961[3]);”.

2        Citation and commencement

This Order may be cited as the Financial Services (Investment Business (Client Assets)) (Amendment) (Jersey) Order 2018 and shall come into force on the same day as the Financial Services (Amendment of Schedules to Law) (Jersey) Order 2018[4].

senator i.j. gorst

Chief Minister

 

 


[1]                                    chapter 13.225

[2]                                    chapter 13.225.15

[3]                                    chapter 24.750

[4]                                    R&O.57/2018


Page Last Updated: 26 Apr 2018