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Approval of the Amendment to the Collective Investment Funds (Amendment No. 4) (Jersey) Law 200- (the “Amending Amendment”).

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

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A decision made (19/10/2007) regarding: Approval of the Amendment to the Collective Investment Funds (Amendment No. 4) (Jersey) Law 200- (the “Amending Amendment”).

Decision Reference: MD-E-2007-0201

Decision Summary Title:

Amendment to Collective Investment Funds (Amendment No. 4) (Jersey) Law 200-

Date of Decision Summary:

19 October 2007

Decision Summary Author:

James Mews, Finance Industry Development Executive

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Amendment to Collective Investment Funds (Amendment No. 4) (Jersey) Law 200-

Date of Written Report:

19 October 2007

Written Report Author:

James Mews, Finance Industry Development Executive

Written Report:

Public or Exempt?

Public

Subject:

Approval of the Amendment to the Collective Investment Funds (Amendment No. 4) (Jersey) Law 200- (the “Amending Amendment”)

Decision(s):

The Minister approved the amendment to the Collective Investment Funds (Amendment No. 4) (Jersey) Law 1988 together with the Report to be included with the Amending Amendment, and take such steps as are necessary to lodge the Amending Amendment to be debated on the 6th November 2007.

Reason(s) for Decision:

The changes proposed are reasonable to introduce technical changes to the standard regulatory provisions. The subject matter has been subject to shortened consultation and no objections have been received from industry or Jersey Finance Limited.

Resource Implications:

No measurable cost or manpower implications arise for the Commission, the States or industry.

Action required:

The Finance Industry Development Executive to undertake the necessary arrangements for the lodging of the Amending Amendment and accompanying Report au Greffe in order for the draft Law to be debated on 6th November 2007.

Signature: Senator P.F.C.Ozouf

Position: Minister

Date Signed:

Date of Decision:

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