Financial Services
(Trust Company Business (Exemptions No. 3)) (Amendment) (Jersey) Order 2011
Made 3rd October 2011
Coming into force 10th
October 2011
THE MINISTER FOR ECONOMIC DEVELOPMENT, in pursuance of Articles 7 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 principal Order amended
For paragraph 2 of the Schedule to the
Financial Services (Trust Company Business (Exemptions No. 3)) (Jersey)
Order 2001[2], and the Note to that
paragraph, there shall be substituted the following paragraph and Note –
(a) who does not solicit from, or provide trust
company business to the public; and
(b) who is a general partner of a limited
partnership formed under the Limited Partnerships (Jersey) Law 1994[3],
when providing a trust
company business service in respect of that limited partnership.
(a) who does not solicit from, or provide trust
company business to the public; and
(b) who is a general partner of a separate
limited partnership formed under the Separate Limited Partnerships (Jersey) Law 2011[4],
when providing a trust
company business service in respect of that separate limited partnership.
(a) who does not solicit from, or provide trust
company business to the public; and
(b) who is a general partner of an incorporated
limited partnership formed under the Incorporated Limited Partnerships (Jersey)
Law 2011[5],
when providing a trust
company business service in respect of that incorporated limited partnership.
Note: Sub-paragraphs (1), (2) and (3) do not have effect unless
either the person or the partnership concerned is administered by a registered
person registered to carry on trust company business.”.
2 Citation
and commencement
(1) This
Order may be cited as the Financial Services (Trust Company Business
(Exemptions No. 3)) (Amendment) (Jersey) Order 2011.
(2) This
Order shall come into force 7 days after it is made.
SENATOR A.J.H. MACLEAN
Minister for Economic Development