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Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 201-: Lodging

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 on 3 December 2012:

Decision Reference: MD-E-2012-0157

Decision Summary Title :

Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 2012

Date of Decision Summary:

30 November 2012

Decision Summary Author:

Director, Finance Industry Development

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

 

Written Report

Title :

 Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 2012

Date of Written Report:

18 September 2012

Written Report Author:

Director, Finance Industry Development

Written Report :

Public or Exempt?

Public

 

Subject:

 

Approval of the draft Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 2012

Decision(s):

 

The Minister for Economic Development approved the following draft Regulations:

 

i)                    Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 2012

 

The Minister further directed that the documents be lodged au Greffe for debate by the States at the earliest opportunity.

 

 

Reason(s) for Decision:

 

The Limited Liability Partnership (Jersey) Law 1997 (the “LLP Law”) has now been in force for some 15 years and requires modernising.

 

This decision allows an amendment to be made to the existing 1997 LLP Law by Regulations in order to remove the onerous requirements of the 1997 Law to encourage the use of the LLP in the island.

 

Resource Implications:

 

There are no financial or manpower implications arising as a result of this decision.

Action required:

 

The documents to be lodged au Greffe for debate by the States at the earliest opportunity.

 

Signature:

 

 

Senator AJH Maclean

Position:

 

Minister for Economic Development

 

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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