Financial Services
(Trust Company Business (Exemptions)) (Amendment) (Jersey) Order 2006
Made 26th November 2006
Coming into force 3rd
December 2006
THE MINISTER FOR ECONOMIC DEVELOPMENT, in pursuance of Articles 4(1)(a)(i) and
7(2)(a)(ii) of the Financial Services (Jersey) Law 1998[1] and on the recommendation of the
Jersey Financial Services Commission, orders as follows –
1 Schedule amended
In the Schedule to the Financial Services (Trust Company Business
(Exemptions)) (Jersey) Order 2000[2] –
(a) after
paragraph 13 there shall be inserted the following paragraph –
A person appointed to be a
liquidator or trustee in bankruptcy of a registered person, when providing a
service specified in Article 2(4) of the Law in connection with that
appointment.
Note: In this paragraph “registered person” means a person
who is registered, authorized, licensed or the holder of a permit, as the case
may be under –
(a) the Collective
Investment Funds (Jersey) Law 1988[3];
(b) the Banking
Business (Jersey) Law 1991[4];
(c) the Insurance
Business (Jersey) Law 1996[5]; or
(d) the Financial
Services (Jersey) Law 1998[6].”;
(b) for
paragraph 16 there shall be substituted the following paragraph –
“16 Liquidators
and trustees in bankruptcy of persons other than registered persons
A person appointed to be a
liquidator or trustee in bankruptcy of a person who is not a registered person,
when providing a service specified in Article 2(4) of the Law in
connection with that appointment.
Note: In this paragraph “registered person” means a person
who is registered, authorized, licensed or the holder of a permit, as the case
may be under –
(a) the Collective
Investment Funds (Jersey) Law 1988[7];
(b) the Banking
Business (Jersey) Law 1991[8];
(c) the Insurance
Business (Jersey) Law 1996[9]; or
(d) the Financial
Services (Jersey) Law 1998[10].”.
2 Citation
and commencement
This Order may be cited as the Financial Services (Trust Company
Business (Exemptions)) (Amendment) (Jersey) Order 2006 and shall come into
force 7 days after it is made.
senator p.f.c. ozouf
Minister for Economic Development