Separate Limited Partnerships (Jersey) Order 2011

Made                                                                           20th April 2011

Coming into force                                    in accordance with Article 2

THE MINISTER FOR ECONOMIC DEVELOPMENT, in pursuance of Articles 15, 18 and 43 of the Separate Limited Partnerships (Jersey) Law 2011[1], and having consulted the Jersey Financial Services Commission, orders as follows –

1        Interest prescribed

The interest payable on payments representing –

(a)     a share of profits pursuant to Article 15 of the Separate Limited Partnerships (Jersey) Law 2011; or

(b)     a return of a limited partner’s contribution pursuant to Article 18 of that Law,

shall be simple interest calculated at 2 percentage points above the base rate from time to time of Barclays Bank plc.

2        Citation and commencement

(1)     This Order may be cited as the Separate Limited Partnerships (Jersey) Order 2011.

(2)     This Order shall come into force on the same day as Articles 15 and 18 of the Separate Limited Partnerships (Jersey) Law 2011.

senator a.j.h. maclean

Minister for Economic Development

 


 



[1]                                    L.6/2011


Page Last Updated: 25 Apr 2016