Companies (Amendment of Law) (Jersey) Order 2016

Made                                                                              1st June 2016

Coming into force                                                        17th June 2016

THE CHIEF MINISTER, in pursuance of Article 102(3) and 219 of the Companies (Jersey) Law 1991[1], and having consulted the Jersey Financial Services Commission, orders as follows –

1        Amendment of Article 102

In Article 102(1) of the Companies (Jersey) Law 1991[2] in the definition “exempt company” for sub-paragraph (a) there shall be substituted the following sub-paragraph –

(a)    a company that is an issuer exclusively of debt securities admitted to trading on a regulated market –

(i)      prior to 31st December 2010, the denomination per unit of which is at least €50,000 or, in the case of debt securities denominated in another currency, equivalent, at the date of issue, to at least €50,000, or

(ii)      on or after 31st December 2010, the denomination per unit of which is at least €100,000 or, in the case of debt securities denominated in another currency, equivalent, at the date of issue, to at least €100,000; or”.

2        Citation and commencement

This Order may be cited as the Companies (Amendment of Law) (Jersey) Order 2016 and shall come into force on 17th June 2016.

SENATOR P.F.C. OZOUF

for and on behalf of

Chief Minister

 


 



[1]                                    chapter 13.125

[2]                                    chapter 13.125


Page Last Updated: 24 Jun 2016