Collective Investment Schemes (Recognised Schemes) (Guernsey) Order 2012

Collective Investment Schemes (Recognised Schemes) (Guernsey) Order 2012 Article 1 c SD No.2012/0273 Page 1 Statutory Document No. 2012/0273 Collective Investment Schemes Ac c t 2008 COLLECTIVE INVESTMENT SCHEMES (RECOGNISED SCHEMES) (GUERNSEY) 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
section 24(1) of, and paragraph 1 of Schedule 4 to, that Act.
1 Title
This is the Collective Investment Schemes (Recognised Schemes) (Guernsey) 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 “Guernsey authorised scheme” means a scheme authorised in the Bailiwick of Guernsey and managed in accordance with: — (a) the Collective Investment Schemes (Class A) Rules 20022 ; or (b) the Authorised Collective Investment Schemes (Class A) Rules 20083 .

1 2008 c.7
2 The Collective Investment Schemes (Class A) Rules 2002 made under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended in exercise of the powers conferred upon the Guernsey Financial Services Commission under sections 12, 14(2)(d), 15(1), 16(1) and (2)(f), 18 and 20. 3 The Authorised Collective Investment Schemes (Class A) Rules 2008 made under the Protection of Investors (Bailiwick of Guernsey) Law, 1987 as amended in exercise of the powers conferred upon the Guernsey Financial Services Commission under sections 12, 14(2)(a), 14(2)(d), 15(1), 16(1), 16(2)(f), 18 and 20.

Article 4
Collective Investment Schemes (Recognised Schemes) (Guernsey) Order 2012
Page 2 SD No.2012/0273 c
4 Recognition of certain Bailiwick of Guernsey schemes (1) The Bailiwick of Guernsey is designated for the purposes of paragraph 1 of Schedule 4 to the Act. (2) Collective investment schemes which are Guernsey authorised schemes are recognised schemes for the purposes of paragraph 1 of Schedule 4 to the Act. 5 Revocation The Financial Supervision (Recognised Schemes) (Guernsey) Order 19894 is revoked. MADE 26 APRIL 2012

4 GC 363/89

Collective Investment Schemes (Recognised Schemes) (Guernsey) Order 2012 Endnotes c SD No.2012/0273 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.