AI-assisted research summary: This provision says certain business contracts involving investments are not made unlawful, void, or unenforceable by this Law or regulations under it.
Jersey Law 4/1995 GAMBLING (AMENDMENT No. 3) (JERSEY) LAW 1995 ____________ A LAW to amend further the Gambling (Jersey) Law 1964, sanctioned by Order of Her Majesty in Council of the 2nd day of NOVEMBER 1994 ____________ ( Registered on the 20th day of January 1995 ) ____________ STATES OF JERSEY ____________ The 26th day of April 1994 ____________ T HE STATES , subject to the sanction of Her Most Excellent Majesty in Council, have adopted the following Law – ARTICLE 1 After Article 12 of the Gambling (Jersey) Law 1964, 1 as amended, there shall be inserted the following Article – “ARTICLE 12A Dealings in investments (1) For the avoidance of doubt, nothing in this Law or in any regulations made thereunder shall be taken to render unlawful, void or unenforceable any contract entered into by any party thereto by way of business the making or performance of which by any party thereto constitutes buying, selling, subscribing for or underwriting an investment or offering or agreeing to do so, either as principal or agent. (2) In this Article “investment” includes shares, debentures, debenture stock, loan stock, bonds, certificates of deposit or other instruments creating or acknowledging indebtedness, government, States and public securities, warrants and other instruments entitling the holder to subscribe for or purchase shares or securities, certificates or other instruments representing securities, shares or units in collective investment funds, options of whatever nature including options to acquire and dispose of currency, precious metals or any instrument, futures contracts of whatsoever nature including contracts to purchase or sell any commodities, currencies or financial instruments at a future date, contracts for differences or any contract the purpose or intended purpose of which is to secure a profit or avoid a loss by reference to fluctuations in the value or price of property of any description or in an index or other factor designated for that purpose in the contract, long-term insurance contracts and rights to and interests in investments.”. ARTICLE 2 This Law may be cited as the Gambling (Amendment No. 3) (Jersey) Law 1995. C.M. NEWCOMBE Deputy Greffier of the States. 1 Volume 1963–1965, page 295.