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Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Financial Services (Amendment of Schedule 2 to Law) (No.3) (Jersey) Order 200-

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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A decision made (21.01.09) to make the Financial Services (Amendment of Schedule 2 to Law) (No.3) (Jersey) Order 2009

Decision Reference:  MD-E-2009-0012 

Decision Summary Title :

Financial Services (Amendment of Schedule 2 to Law) (No. 3) (Jersey) Order 200-

 

Date of Decision Summary:

16 January 2009

Decision Summary Author:

 

Finance Industry Development Executive

 

Decision Summary:

Public or Exempt?

 

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

n/a

Written Report

Title :

Financial Services (Amendment of Schedule 2 to Law) (No. 3) (Jersey) Order 200-

 

Date of Written Report:

January 2009

Written Report Author:

Finance Industry Development Executive

 

Written Report :

Public or Exempt?

 

Public

Subject:  

 

Financial Services (Amendment of Schedule 2 to Law) (No. 3) (Jersey) Order 200-

 

Decision(s):

 

The Minister made the Financial Services (Amendment of Schedule 2 to Law) (No. 3) (Jersey) Order 2009 (“the Order”)

 

Reason(s) for Decision:

 

It has recently become apparent that the exemption from registration under the Financial Services (Jersey) Law 1998 (“the Law”) created by the Financial Services (Investment Business (Fund Services Business Exemption)) (Jersey) Order 2007 is narrower than intended.  The Order will remedy this by amending the Law to extend the exemption to encompass the class of fund services business dealing with distributors of certain non-Jersey funds, as was originally intended.

 

Resource Implications:

 

There are no measurable financial or manpower costs for the States.

 

Action required:

 

The Minister to sign, date and seal the Order and the Order to be returned to the States Greffe without delay.

 

Signature:  Senator A.J.H.Maclean

 

 

 

Position: Minister for Economic Development

 

Date Signed:

 

 

 

Date of Decision (If different from Date Signed):

 

 

 

 

 

 

 

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