Legal Briefing Notes

Duties of Directors of Jersey Companies

Introduction

It may be helpful, especially under the current economic climate, to provide a brief guide to the duties of a director of a Jersey company. This may provide a salient reminder for those already familiar to the legal obligations imposed upon the office of director or as a brief overview for those new to the role.
 

Money Laundering (Jersey) Order 2008

The Money Laundering (Jersey) Order 2008 (the “Order”) requires us to obtain certain information about you before we are able to provide you with administrative services.

Under the Order we are required to:

Verify your identity; and

Establish your source of funds/wealth.

To verify your identity, we need a certified copy of your current passport, identity card or driver's licence, together with verification of your current principal residential address.

Companies Amendment

The Companies (Amendment No.2) (Jersey) Regulations 2008 (the "Regulations") and the Companies (Amendment No. 9) (Jersey) Law 2008 (the "Law") were approved by the States of Jersey on 15 and 16 January 2008, respectively with the Regulations coming into force on 22 January 2008. The Law came into force on 27 June 2008.

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