The Financial Services (Designated Countries and Territories) (Overseas Collective Investment Schemes) (Jersey) Order 1988

• Citation: S.I. 1988/2149
• Sections: 4

Section 1

This Order may be cited as the Financial Services (Designated Countries and Territories) (Overseas Collective Investment Schemes) (Jersey) Order 1988 and shall come into force on 1988.

Section 2

The Bailiwick of Jersey is designated for the purposes of section 87 of the Financial Services Act 1986 in respect of any collective investment scheme managed in and authorised under the law of the Bailiwick which is a scheme of a class specified in the Schedule to this Order.

Section 1

Any scheme which is—

(a) an authorised securities fund; or

(b) a money market fund; or

(c) a fund or funds; or

(d) an umbrella fund but only an umbrella fund each separate part of the property of which would, if it were the property of a single collective investment scheme authorised in the Bailiwick of Jersey, be the property of a scheme falling within sub-paragraph (a), (b) or (c) above.

Section 2

In paragraph 1 of this Schedule the expressions “authorised securities fund”, “fund of funds”, “money market fund” and “umbrella fund” have the meanings respectively given to them in Article 1(1) of the Collective Investment Funds (Recognized Funds) (General Provisions) (Jersey) Order 1988 .