Jersey R & O 7739

Borrowing Control (Jersey) Law, 1947.

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CONTROL OF BORROWING (AMENDMENT No. 4) (JERSEY) ORDER, 1988.

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THE FINANCE AND ECONOMICS COMMITTEE, in pursuance of Articles 2 and 3 of the Borrowing Control (Jersey) Law, 1947, as amended,1 hereby orders as follows –

1.-(1)  In paragraph (5) of Article 6 of the Control of Borrowing (Jersey) Order, 1958,2 as amended,3 (hereinafter referred to as “the principal Order”) for the words “or the Prevention of Fraud (Investments) Act, 1958 (6 & 7 Eliz. 2 c.45) or the Companies Acts as defined in the Companies Act 1981 (c.62)” there shall be substituted the following words –

“or the Financial Services Act 1986 (c.60) or the Companies Act 1985 (c.6)”.

(2)     In Article 12 of the principal Order –

(a)     in paragraph (1) after the definition of “the Committee” there shall be inserted the following definition –

“ ‘enactment’ includes an enactment of a legislature other than the States;”;

(b)     after paragraph (1) there shall be inserted the following paragraph –

“(2) Unless the contrary intention appears, a reference in this Order to an enactment shall be construed as a reference to that enactment as amended and to any enactment repealing and re-enacting that enactment, with or without further amendment.”

2.             This Order may be cited as the Control of Borrowing (Amendment No. 4) (Jersey) Order, 1988 and comes into force on the twenty-ninth day of April, 1988.

By Order of the Finance and Economics Committee,

E.J.M. POTTER

Greffier of the States.

18th April, 1988.