Financial Services (Amendment of Schedules to Law) (No. 2) (Jersey) Order 2022
Made 3rd March 2022
Coming into force 10th March 2022
THE MINISTER FOR EXTERNAL RELATIONS AND FINANCIAL SERVICES, under Article 4(1)(b) of the Financial Services (Jersey) Law 1998 and on the recommendation of the Jersey Financial Services Commission, orders as follows –
1 Schedule 1 (investments) to the Financial Services (Jersey) Law 1998 amended
(1) This Article amends Schedule 1 to the Financial Services (Jersey) Law 1998.
(2) For paragraph 9A (defined benefit schemes) there is substituted –
“9A Pension schemes
Approved Jersey schemes or approved drawdown contracts (as those terms are defined in Article 130(1) of the Income Tax (Jersey) Law 1961).”.
“Note: This paragraph applies only to the giving of investment advice in respect of a pension scheme.”.
(3) In paragraph 10 (rights and interests in investments) the Note is deleted.
2 Schedule 2 (exemptions) to the Financial Services (Jersey) Law 1998 amended
In Schedule 2 to the Financial Services (Jersey) Law 1998, paragraph 18 (defined benefit schemes) is deleted.
3 Citation and commencement
This Order may be cited as the Financial Services (Amendment of Schedules to Law) (No. 2) (Jersey) Order 2022 and comes into force 7 days after it is made.
Senator I.J. Gorst
Minister for External Relations and Financial Services