ARTICLE · 26 FEBRUARY 1999

Company Law In Jersey - General

KPMG

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Statutory requirements applying to companies in the Island are set out in the Companies (Jersey) Law 1991. Financial institutions are primarily concerned with complying with the relevant laws applicable to their sector. These are set out in detail in the KPMG publication Banking and Finance in Jersey.

The Companies (Jersey) Law 1991 revised and updated significantly the previous provisions of the Companies (Jersey) Laws 1861 to 1968. Important aspects introduced by the Law were the distinction between private and public companies and the requirement for all public companies to prepare and file audited financial statements. Under the Jersey Law a public company is one that states that it is public in its Memorandum of Association, or one that has more than thirty members.

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