Regulatory Alerts2012-01-01
Collective Investment Schemes (Recognised Schemes) (Jersey) Order 2012
The Financial Supervision Commission of Jersey issued this Order to designate Jersey as a recognized jurisdiction under the Collective Investment Schemes Act 2008. It establishes that schemes classified as Jersey Recognized Funds are deemed recognised schemes for regulatory purposes under Schedule 4 of the Act. The Order also revokes the Financial Supervision (Recognised Schemes) (Jersey) Order 1989 and commenced on 1 July 2012.
Collective Investment Schemes (Recognised Schemes) (Jersey) Order 2012 Article 1 c SD No.2012/0274 Page 1 Statutory Document No. 2012/0274 Collective Investment Schemes Ac c t 2008 COLLECTIVE INVESTMENT SCHEMES (RECOGNISED SCHEMES) (JERSEY) ORDER 20121 Approved by Tynwald: 20 June 2012 Coming into Operation: 1 July 2012 The Financial Supervision Commission, after carrying out the consultations required by section 24(13) of the Collective Investment Schemes Act 20081 , makes this Order under sections 24(1) of, and paragraph 1 of Schedule 4 to, that Act. 1 Title This Order is the Collective Investment Schemes (Recognised Schemes) (Jersey) Order 2012. 2 Commencement This Order comes into operation on 1 July 2012. 3 Interpretation In this Order — “the Act” means the Collective Investment Schemes Act 2008; and “Jersey Recognized Fund” means a scheme which is a recognised scheme within the meaning of the Collective Investment Funds (Recognized Funds) (Rules) (Jersey) Order 20032 . 4 Recognition of certain Jersey schemes (1) Jersey is designated for the purposes of paragraph 1 of Schedule 4 to the Act. (2) Collective investment schemes which are Jersey Recognized Funds are recognised schemes for the purposes of paragraph 1 of Schedule 4 to the Act.
1 2008 c.7 2 13.100.75
Article 5 Collective Investment Schemes (Recognised Schemes) (Jersey) Order 2012 Page 2 SD No.2012/0274 c 5 Revocation The Financial Supervision (Recognised Schemes) (Jersey) Order 19893 is revoked. MADE 26 APRIL 2012
3 GC 170/89
Collective Investment Schemes (Recognised Schemes) (Jersey) Order 2012 Endnotes c SD No.2012/0274 Page 3 ENDNOTES Table of Endnote References 1 The format of this legislation has been changed as provided for under section 75 of, and paragraph 2 of Schedule 1 to, the Legislation Act 2015. The changes have been approved by the Attorney General after consultation with the Clerk of Tynwald as required by section 76 of the Legislation Act 2015.