THE CHIEF MINISTER, in pursuance of Regulation 5 of the Alternative Investment Funds (Jersey) Regulations 2012[1], orders as follows –

“(c)    it is –

(i)      registered in Jersey or is a Jersey trust that is a unit trust, or

(ii)      a limited partnership that –

(A)    is registered in England or Scotland under the Limited Partnerships Act 1907 (c.24) of the United Kingdom,

(B)     satisfies the conditions specified in paragraph (2A), and

(C)     has elected to be an AIF by application in writing to the Commission and the Commission has approved that election in writing;”;

“(2A) The conditions referred to in paragraph (1)(c)(ii)(B) are as follows –

(a)     the limited partnership has a governing body which is registered in Jersey as a company, a limited partnership, a limited liability partnership, an incorporated limited partnership or a separate limited partnership, as described in paragraph (2)(a) to (e);

(b)     if the governing body of the limited partnership referred to in sub-paragraph (a) is –

(i)      any of the following –

(A)    a limited partnership in respect of which a certificate has been issued under Article 4 of the Limited Partnerships (Jersey) Law 1994[3],

(B)     an incorporated limited partnership in respect of which a certificate has been issued under Article 4 of the Incorporated Limited Partnerships (Jersey) Law 2011[4], or

(C)     a separate limited partnership in respect of which a certificate has been issued under Article 4 of the Separate Limited Partnerships (Jersey) Law 2011[5],

that governing body has a general partner that is a company within the meaning of Article 1 of the Companies (Jersey) Law 1991[6], or

(ii)      a limited liability partnership registered under Article 16 of the Limited Liability Partnerships (Jersey) Law 1997[7], at least one of the partners of the governing body is a company within the meaning of Article 1 of the Companies (Jersey) Law 1991;

(c)     the limited partnership’s governing body referred to in sub-paragraph (a), or the governing body’s general partner referred to in sub-paragraph (b)(i) or partner referred to in sub-paragraph (b)(ii), has its registered office or head office in Jersey;

(d)     the limited partnership does not have a registered office, head office or principal place of business outside Jersey; and

(e)     the limited partnership’s register of limited partners or a duplicate copy of that register is held at the registered office or head office referred to in sub-paragraph (c).”.