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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. 5) (Jersey) Order 201- and Alternative Investment Funds (Amendment) (Jersey) Order 201-

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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  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

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A decision made 27 March 2015:

Ministerial Decision Reference:    MD-C-2015-0040

Decision Summary Title:  Financial Services (Amendment of Schedule 2 to Law) (No.5) (Jersey) Order 201- and Alternative Investment Funds (Amendment) (Jersey) Order 201-

Decision Summary Author:

Financial Services Unit

Is the Decision Summary Public or Exempt?  

Public

Report Title:  Financial Services (Amendment of Schedule 2 to Law ) (No.5) (Jersey) Order 201- and Alternative Investment Funds (Amendment) (Jersey) Order 201-

Report Author or Name of Person Giving Report: 

Financial Services Unit

Is the Report Public or Exempt?

Public

Decision and Reason for the Decision:

The Chief Minister made the Financial Services (Amendment of Schedule 2 to Law) (No.5) (Jersey) Order 201- and Alternative Investment Funds (Amendment) (Jersey) Order 201- (together, the “draft Orders”).

The draft Orders exempt a person who has been granted a certificate, that is in force, under Article 8B of the Collective Investment Funds (Jersey) Law 1988 from the requirement to be authorised to carry on AIF Services Business under Article 2(11) of the Financial Services (Jersey) Law 1998 in respect of that fund and ensures that such a fund is also not caught as a “service provider” under Article 3(b) of the Alternative Investment Funds (Jersey) Order 2013 (AIF Order).

Resource Implications: 

There are no resource implications for the States of Jersey as a result of this decision.

Action Required:

That the Chief Minister sign and seal the draft Orders and they be returned to the States Greffe for immediate publication, and that the Greffier of the States be requested to arrange for the making of the Orders to be notified to the States.

Signature:

 

 

 

 

Position:

 

Chief Minister

 

 

 

 

Date Signed

 

Effective Date of the Decision

 

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