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Unregulated Funds: Exemption Orders for Special Purpose Vehicles (SPV) General Partners and Trustees.

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 (18/08/2008) regarding: Unregulated Funds: Exemption Orders for Special Purpose Vehicles (SPV) General Partners and Trustees.

Decision Reference: MD-E-2008-0160  

Decision Summary Title :

Unregulated Funds: Exemption Orders for Special Purpose Vehicles (SPV) General Partners and Trustees

Date of Decision Summary:

15 August 2008

Decision Summary Author:

Robert Jones

Finance Industry Development Assistant

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 :

Unregulated Funds: Exemption Orders for Special Purpose Vehicles (SPV) General Partners and Trustees

Date of Written Report:

15 August 2008

Written Report Author:

Robert Jones

Finance Industry Development Assistant

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:    

The passing of the Collective Investment Funds (Unregulated Funds) (Amendment) (Jersey) Order 200- and the Financial Services (Amendment of Schedule 2 to Law) (No. 2) (Jersey) Order 200- (together “the Orders”).

Decision(s):  

The Minister made the Collective Investment Funds (Unregulated Funds) (Amendment) (Jersey) Order 200- and the Financial Services (Amendment of Schedule 2 to Law) (No. 2) (Jersey) Order 200- (together “the Orders”).

Reason(s) for Decision:

The Orders will allow the unregulated funds regime to operate more effectively, and consequently assist Jersey’s funds industry.  The Jersey Financial Services Commission has recommended that the Minister makes the Orders.  Industry have been consulted, through Jersey Finance Limited, and are in favour of the Orders being made.

 

Resource Implications: 

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

Action required: 

The Minister to approve, sign and seal the Orders and the sealed Orders to be delivered au Greffe.

Signature:  Senator P.F.C.Ozouf 
 

Position:  Minister

Date Signed: 
 

Date of Decision (If different from Date Signed): 

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