The Limited Partnerships (Amendment) (Jersey) Law 2009 came into force on 1 March 2009. The Law makes a number of amendments to the Limited Partnerships (Jersey) Law 1984, including the introduction of new provisions to ensure that a limited partnership has the occupier's authorization to use premises as its registered office and to enable the general partners to request a limited partnership's deregistration.
Further draft legislation relating to partnerships is expected to be put before the States of Jersey later this year, including the Incorporated Limited Partnerships (Jersey) Law 200- (the "ILP Law"), and the Separate Limited Partnerships (Jersey) Law 200- (the "SLP Law"). The ILP Law will provide for the establishment of incorporated limited partnerships ("ILPs") and the SLP Law for separate limited partnerships ("SLPs"). The SLP will have legal personality but without being a body corporate (as is the case for a Scottish limited partnership) and the ILP will be a body corporate.
With one or two exceptions the principles are effectively the same as those which already apply under the codes applicable to Jersey licensed fund services business.