Jersey Scheme definition

Jersey Scheme means a scheme of transfer in respect of the Jersey Policies pursuant to Article 27 of, and Schedule 2 to, the Insurance Business (Jersey) Law 1996;
Jersey Scheme means the scheme for the transfer of insurance business made up of the Jersey Policies as well as any Transferred Business Assets and any Transferred Liability attributable to any Jersey Policy, which scheme requires sanction by the Jersey Order;
Jersey Scheme means this scheme made pursuant to Article 27 of and Schedule 2 to the Insurance Business Law in its original form or with or subject to any modification, addition or condition which may be approved or imposed;

Examples of Jersey Scheme in a sentence

  • On 11 December 2018, the Royal Court of Jersey approved the transfer of the business of the Jersey branch of Santander UK to a new Jersey branch of ANTS, which is a member of the Santander UK Group outside the ring-fence, by way of a court-sanctioned transfer scheme under Jersey law (the Jersey Scheme).

  • The effective date of the Jersey Scheme and the Isle of Man Scheme was 17 December 2018.


More Definitions of Jersey Scheme

Jersey Scheme means the scheme of transfer referred to in paragraph 2.5(b);
Jersey Scheme means the proposed scheme of arrangement of Telewest Finance (Jersey) Limited as contemplated by the Financial Restructuring (as defined in the voting agreement between Liberty International, Telewest and others);
Jersey Scheme has the meaning given to it in Recital (A);
Jersey Scheme means the scheme for the transfer of insurance business from the Transferor to the Transferee in respect of the Jersey Policies under Article 27 of, and Schedule 2 to, the Insurance Business (Jersey) Law 1996;
Jersey Scheme means the scheme of transfer referred to in paragraph 2.9.2;
Jersey Scheme means a scheme for the transfer of the Jersey Business from
Jersey Scheme means the scheme for transfer of insurance business under the Insurance Business (Jersey) Law 1996