Financial Services (Trust Company Business (Exemptions)) (Amendment No. 4) (Jersey) Order 2014

Financial Services (Trust Company Business (Exemptions)) (Amendment No. 4) (Jersey) Order 2014

Made                                                                           1st August 2014

Coming into force                                                      2nd August 2014

THE CHIEF MINISTER, in pursuance of Article 4(1)(a)(i), 7(2)(a)(ii) and 42 of the Financial Services (Jersey) Law 1998[1] and on the recommendation of the Jersey Financial Services Commission, orders as follows –

1        Schedule to Order amended

In Part 2 of the Schedule to the Financial Services (Trust Company Business (Exemptions)) (Jersey) Order 2000[2] for paragraph 14(2) there shall be substituted by the following sub-paragraph –

“(2)    In sub-paragraph (1), ‘registered person’ means a person who is registered, authorized, licensed or the holder of a permit, as the case may be, under –

(a)     the Banking Business (Jersey) Law 1991[3];

(b)     the Insurance Business (Jersey) Law 1996[4]; or

(c)     the Financial Services (Jersey) Law 1998[5] to carry on activities that are within the meaning of ‘investment business’,

and ‘is registered’ shall be construed accordingly.”.

2        Citation and commencement

This Order may be cited as the Financial Services (Trust Company Business (Exemptions)) (Amendment No. 4) (Jersey) Order 2014 and shall come into force on the day after it is made.

senator i.j. gorst

Chief Minister

 


 



[1]                                    chapter 13.225

[2]                                    chapter 13.225.55

[3]                                    chapter 13.075

[4]                                    chapter 13.425

[5]                                    chapter 13.225


Page Last Updated: 15 Apr 2016