(Amendment of Law) (No. 4) (Jersey)
Made 6th December 2012
Coming into force 2nd
THE STATES, in pursuance of Articles 4(2) and 42 of the Financial Services
(Jersey) Law 1998, have made the following
1 Article 1
of Law amended
In Article 1(1) of the Financial Services (Jersey) Law 1998 the following definitions are
inserted, each according to its alphabetical order –
means a scheme or arrangement that is an AIF for the purposes of Directive
2011/61/EU and in relation to which an AIFM (as defined in that Directive) is
an AIFM to which the provisions of that Directive apply;
‘AIF services business’
has, subject to any Order under Article 4, the meaning given to that
expression by Article 2;
2011/61/EU’ means Directive 2011/61/EU of the European Parliament and of
the Council of 8 June 2011 on Alternative Investment Fund Managers
and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No. 1060/2009
and (EU) No. 1095/2010 (O.J. No. L174 1.7.2011, p.1), as in force on
1st January 2013;”.
2 Article 2
of Law amended
In Article 2 of the Financial Services (Jersey) Law 1998 –
paragraph (1) for the words “or fund services business.” there
are substituted the words “, fund services business or AIF services
paragraph (10) there is added the following paragraph –
“(11) A person carries on AIF services business
if the person is a legal person whose regular business is managing one or more AIFs
(where managing AIFs has the same meaning as in Directive 2011/61/EU).”.
Regulations may be cited as the Financial Services (Amendment of Law)
(No. 4) (Jersey) Regulations 2012.
Regulations shall come into force on 2nd April 2013.
Deputy Greffier of the States