Proceeds of Crime
(Supervisory Bodies) (Transitional Provision) (No. 2) (Jersey) Order 2016
Official Consolidated
Version
This is an official
version of consolidated legislation compiled and issued under the authority of
the Legislation (Jersey) Law 2021.
Showing the law
from 1 January 2019 to Current
Proceeds of Crime
(Supervisory Bodies) (Transitional Provision) (No. 2) (Jersey) Order 2016
1 Interpretation
In this Order –
“appointed day” means the day on which Article 4 of
the Financial Regulation (Miscellaneous Provisions No. 4) (Jersey)
Law 2016 comes into force; and
“Law” means the Proceeds of Crime (Supervisory Bodies) (Jersey)
Law 2008.
2 Application
This Order applies in respect of any person who, not being a natural
person or a company –
(a) has a registered office
or place of business in Jersey; and
(b) immediately before the
appointed day, is carrying on outside Jersey a specified Schedule 2
business.
3 Transitional
provision
(1) Notwithstanding Article 10(4)
of the Law, a person in respect of whom this Order applies shall not be taken
to have committed any offence by virtue of anything done or not done by the
person in the course of carrying on the business concerned –
(a) on
and from the appointed day for a period of 6 months beginning with that
day; or
(b) if
the person applies for registration –
(i) to the relevant
supervisory body,
(ii) within
the period of 6 months beginning with the appointed day,
on and from the appointed day until an application for registration
under the Law is finally determined (including as a result of an appeal to the
Court under Article 19 of the Law) or is withdrawn; or
(c) if
the person notifies the Commission –
(i) within the period
of 6 months beginning with the appointed day, and
(ii) in
accordance with Article 11(6) to (9) of the Law, that the person is
carrying on a specified Schedule 2 business,
on and from the appointed day until the date of the notification.
(2) In relation to the
period for which, in accordance with paragraph (1), a person is to be
taken not to have committed any offence, the provisions of the Law shall apply
(with the necessary modifications) to and in relation to that person as they
apply to a supervised person.
(3) A person who has
notified the Commission in accordance with paragraph (1)(c) shall be a
deemed registered person under the Law.
4 Citation
This Order may be cited as the Proceeds of Crime (Supervisory
Bodies) (Transitional Provision) (No. 2) (Jersey) Order 2016.