Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 07 MARCH 2018

Trusts (Amendment No. 7) (Jersey) Law 20[●]

Appleby
Appleby
Contributor
Appleby

Appleby

Appleby is a leading offshore law firm. The team of legal specialists advise global public and...

View firm profile
Explore more from Appleby

Various minor amendments will clarify and enhance Article 9A.

JerseyWealth Management
David Dorgan
David Dorgan
Author LinkedIn connections

Amendment No. 7 to the Trusts (Jersey) Law 1984 (as amended) (Trusts Law) has been lodged with the States of Jersey for review and approval. This briefing will focus on the fundamental changes introduced by Amendment No. 7 into the Trusts Law. It is anticipated that the Amendment No. 7 will come into force in the next few months.

A new definition of "Officer"

This new definition will cover a myriad of positions as follows:

  • A director, manager, secretary or other similar officers of a corporation;
  • A foundation council member;
  • A general partner or a limited partner participating in management of an incorporated or separate limited partnership;
  • A partner of a limited liability partnership; and 

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

BMA Sets Out Phased Path To A Bermuda Insurance Resolution Regime

The Bermuda Monetary Authority has published a consultation paper outlining the first phase of a resolution regime for the commercial insurance sector, designed to align with international standards. The framework establishes the BMA as the Resolution Authority with five core objectives and defines which insurers will fall within scope. This phased approach raises important questions about governance, recovery planning, and the practical implications for domestic insurers and Internationally Active Insuranc
BermudaInsurance
Appleby
Appleby
Article

The Long Game: How Bermuda Became The World’s Life Reinsurance Capital

Bermuda has emerged as the dominant global hub for life and annuity reinsurance, now holding over $900 billion in US life and annuity liabilities and accounting for 84% of all US reserves ceded offshore. This analysis examines how the island's sophisticated regulatory framework, purpose-built infrastructure, and commercially engaged regulator have created a structural advantage that extends beyond its traditional catastrophe reinsurance roots into long-dated life business from the US, UK, and Asia.
BermudaInsurance
Appleby
Appleby