The Alternative Investment Funds (Jersey) Regulations 2012 come into force on 2 April 2013. The Regulations provide for the regulation, in relation to Jersey, of the management and marketing of certain investment funds (called AIFs or alternative investment funds).

The Debt Relief (Developing Countries) Jersey Law 2013 came into force on 1 March 2013. The Law makes provision in relation to the relief of debts of certain developing countries, in accordance with the international Heavily Indebted Poor Countries Initiative (the "Initiative"). The Law deals with those circumstances where Jersey is obliged to enforce foreign judgments under European Union law or another international obligation and will prevent the use of the Jersey courts to enforce in full the debts of countries which have received relief under the Initiative.

The Financial Services (Amendment of Law) (No. 4) (Jersey) Regulations 2012 come into force on 2 April 2013. The Regulations amend the Financial Services (Jersey) Law 1998 with respect to alternative investment funds.

The Gambling (Jersey) Law 2012 came into force on 1 January 2013. The Law replaces existing legislation with an updated framework for the regulation of gambling in Jersey.

The Goods and Services Tax (Amendment No. 4) (Jersey) Law 2013 came into effect on 5 December 2012, with the substantive tax changes taking effect from 1 January 2013. The Law amends the Goods and Services Tax (Jersey) Law 2007 in order to remove an anomaly concerning bad debt relief and to make share transfers of residential property zerorated (rather than exempt) in order to introduce consistency with transfers of residential immovable property.

The Income Tax (Amendment No. 41) (Jersey) Law 2013 came into effect on 5 December 2012, with the substantive tax changes taking effect from 1 January 2013. The Law amends the Income Tax (Jersey) Law 1961 by making substantial and complex changes to the taxation of "distributions" and to the Income Tax Instalment System ("ITIS").

The Income Tax (Amendment No. 42) (Jersey) Law 201- came into force on 16 January 2013. The Law amends the Income Tax (Jersey) Law 1961 in order to bring the tax treatment of Limited Liability Partnerships ("LLPs") into line with that of the other types of partnerships in Jersey, namely Limited Partnerships, Separate Limited Partnerships and Incorporated Limited Partnerships. As a result of this change, tax will be assessed on the partners of an LLP on their share of the LLP's income and gains, and no assessment will be raised on the LLP itself.

The Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 2013 came into force on 17 January 2013. The Regulations amend the Limited Liability Partnerships (Jersey) Law 1997 so as to replace the previous means of creditor protection. Instead of a bond, each Limited Liability Partnership ("LLP") now has to file an annual 'specified solvency statement', the terms of which confirm the solvency of the LLP and that it can continue to pay debts over the coming year.