ARTICLE · 25 NOVEMBER 2014

Privy Council Approves Charities Law

Bedell Cristin

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The draft Charities (Jersey) Law 201- (the "Charities Law") received Privy Council approval yesterday.

JerseyCorporate/Commercial Law

Anna Gaston

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The draft Charities (Jersey) Law 201- (the "Charities Law") received Privy Council approval yesterday. It is now awaiting registration in the Royal Court, after which it will be brought into force on a staged basis. This legislation forms part of the Island's initiative to develop Jersey's position as a centre of excellence for philanthropic wealth management.

Trusts and foundations are the two key structures used for philanthropy in Jersey, with the Trusts (Jersey) Law 1984 and the Foundations (Jersey) Law 2009 both placing a strong emphasis on the importance of flexibility, allowing for the creation of structures tailored to meet individual client requirements. The Charities Law will complement these two pieces of legislation by offering a system of registration in the Island, for those wishing to register structures as charities.

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