The draft Banking Business (Amendment No. 8) (Jersey) Law 201- has been adopted by the States of Jersey and is awaiting the approval of the Privy Council. The draft Law will amend the Banking Business (Jersey) Law 1991 to provide for offences and impose duties under the Depositors Compensation Scheme.

The draft Bankruptcy (Désastre) (Amendment No. 6) (Jersey) Law 201- has been adopted by the States of Jersey and is awaiting the approval of the Privy Council. The draft Law will amend the Bankruptcy (Désastre) (Jersey) Law 1990 to vary the order of priority of classes of creditor in a désastre so that, in the event of bank default, certain payments to the Jersey Bank Depositors Compensation Board be given priority.