Approval of the Amendment to the Companies (Amendment No. 9) (Jersey) Law 200- .

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A decision made (20/12/2007) regarding: Approval of the Amendment to the Companies (Amendment No. 9) (Jersey) Law 200- ("the Amendment").

Decision Reference: MD-E-2007-0229
Decision Summary Title :	Amendment to the proposed Amendment no 9 to the Companies (Jersey) Law 1991 (“the Law”)		Date of Decision Summary:	18 December 2007
Decision Summary Author:	James Mews Finance Industry Development Executive		Decision Summary: Public or Exempt? (State clauses from Code of Practice booklet)	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:
Written Report Title :	Amendments to the Companies (Jersey) Law 1991 (“the Law”)		Date of Written Report:	18 December 2007
Written Report Author:	James Mews Finance Industry Development Executive		Written Report : Public or Exempt? (State clauses from Code of Practice booklet)	Public
Subject: Approval of the Amendment to the Companies (Amendment No 9) (Jersey) law 200- (“the Amendment”)
Decision(s): The Minister approved the amendment and signed the declaration of compatibility with the European Convention on Human Rights and requested the Financial Industry Development Executive to take such steps as were necessary to lodge them au Greffe in time to be read with the existing proposed Amendment to the Law for the States to debate at the first sitting in 2008.
Reason(s) for Decision: The Amendment modernises aspects of the Law relating to accounts and audit requirements in accordance with international developments to introduce more flexibility and simplicity into the Law. The proposals have been through the normal consultation process including comprehensive discussion by a steering group, industry and the Commission neither of whom object to their adoption.
Resource Implications: No measurable cost or manpower implications arise for the Commission, the States or industry.
Action required: The Finance Industry Development Executive advise the Publications Editor and the Greffier of the States to lodge the Amendment au Greffe in time for the States to debate at the first sitting in 2008.
Signature: Senator P.F.C.Ozouf		Position: Minister
Date Signed:		Date of Decision (If different from Date Signed):