Companies
(Amendment of Law) (Jersey) Order 2016
Made 1st June 2016
Coming into force 17th
June 2016
THE CHIEF MINISTER, in pursuance of Article 102(3) and 219 of
the Companies (Jersey) Law 1991[1], and having consulted the Jersey Financial Services Commission, orders as follows –
1 Amendment of Article 102
In Article 102(1) of the Companies (Jersey) Law 1991[2] in the definition
“exempt company” for sub-paragraph (a) there shall be
substituted the following sub-paragraph –
“(a) a company that is an issuer
exclusively of debt securities admitted to trading on a regulated market –
(i) prior to 31st
December 2010, the denomination per unit of which is at least €50,000 or,
in the case of debt securities denominated in another currency, equivalent, at
the date of issue, to at least €50,000, or
(ii) on or after 31st
December 2010, the denomination per unit of which is at least €100,000
or, in the case of debt securities denominated in another currency, equivalent,
at the date of issue, to at least €100,000; or”.
2 Citation
and commencement
This Order may be cited as
the Companies (Amendment of Law) (Jersey) Order 2016 and shall come into
force on 17th June 2016.
SENATOR P.F.C. OZOUF
for and on behalf of
Chief Minister