Approval of the Collective Investment Funds (Permits) (Exemptions) (Jersey) Order 200- and the Financial Services (Collective Investment Funds) (Exemptions) (Jersey) Order 200- (the “Orders”).

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A decision made (16/02/2007) regarding: Approval of the Collective Investment Funds (Permits) (Exemptions) (Jersey) Order 200- and the Financial Services (Collective Investment Funds) (Exemptions) (Jersey) Order 200- (the “Orders”).

Subject:	Approval of the Collective Investment Funds (Permits) (Exemptions) (Jersey) Order 200- and the Financial Services (Collective Investment Funds) (Exemptions) (Jersey) Order 200- (the “Orders”)
Decision Reference:	MD-E-2007-0050		Exempt clause(s):
Type of Report: (oral or written)	Neither		Person Giving Report (if oral):
Telephone or e-mail Meeting?			Report File ref:
Written report – Title	Collective Investment Funds: exemptions for non-Jersey companies
Written report – Author (name and job title)	Paul de Gruchy, Director, Finance Industry Development
Decision(s): The Minister approved the Orders and instructed the Director, Finance Industry Development, to notify the States Greffe, the Departmental liaison officer, the Commission and the law draftsman before forwarding the Orders to the Greffe for archiving.
Reason(s) for decision: The changes proposed will support an important sector of the finance industry without exposing the Island to reputational risk. The proposed changes have been agreed with the Jersey Financial Services Commission and Jersey Finance Limited.
Action required: Minister to sign, date and seal the Orders and the Director, Finance Industry Development to notify the States Greffe, the Departmental liaison officer, the Commission and the law draftsman before forwarding the Orders to the Greffe for archiving.
Signature: Senator P.F.C.Ozouf (Minister)		Date of Decision: 16 February 2007