Financial Services Ombudsman (Bailiwick of Guernsey) (Commencement and Amendment) Ordinance, 2015

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The Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014 (Commencement and Amendment) Ordinance, 2015

THE STATES LEGISLATION SELECT COMMITTEE, in exercise of the powers conferred on the States by sections 6(1), 27 and 29(2) of the Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014[a], and in exercise of the powers conferred on the Committee by Article 66(3) of the Reform (Guernsey) Law, 1948, as amended[b] and all other powers enabling it in that behalf, hereby orders:-

Commencement.

1. The following provisions of the Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014 ("the Law") shall come into force on the 30^th January, 2015 -

(a) Parts I and II,

(b) section 9,

(d) Part VI, and

(e) Schedules 1 to 4.

Amendment of the Law.

2. After paragraph 2(6) of Schedule 2 to the Law, insert the following subparagraph -

"(7) For the purposes of subparagraphs (4)(a) and (5), in relation to the financial years 2015 and 2016, the references to financial service providers, fees, levy, resources, OFSO, income, functions and reserve are to be read as including references to the equivalents of those terms under any Jersey scheme.".

Interpretation.

3. (1) In this Ordinance -

"enactment" means any Law, Ordinance or subordinate legislation,

"Jersey scheme" has the meaning given in section 6(1)(i) of the Law,

"the Law" has the meaning given in section 1, and

"subordinate legislation" means any regulation, rule, order, rule of court, resolution, scheme, byelaw or other instrument made under any enactment and having legislative effect.

(2) The Interpretation (Guernsey) Law, 1948[c] applies to the interpretation of this Ordinance throughout the Bailiwick of Guernsey.

(3) Any reference in this Ordinance to an enactment is a reference thereto as from time to time amended, re-enacted (with or without modification), extended or applied.

Citation and commencement.

4. This Ordinance -

(a) may be cited as the Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014 (Commencement and Amendment) Ordinance, 2015, and

(b) shall come into force on the 30^th January, 2015.

[a]	Order in Council No. I of 2015.
[b]	Ordres en Conseil Vol. XIII, p. 288 (there are amendments not material to this Ordinance).
[c]	Ordres en Conseil Vol. XIII, p. 355.