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Cash Controls Law (Definition of Cash) (Bailiwick of Guernsey) Ordinance, 2009

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The Cash Controls Law (Definition of Cash)
(Bailiwick of Guernsey) Ordinance, 2009
 
THE STATES LEGISLATION SELECT COMMITTEE, in exercise of the powers conferred on the States by section 10(2) of the Cash Controls (Bailiwick of Guernsey) Law, 2007[a] and all other powers enabling them in that behalf, and in exercise of the powers conferred on the Committee by Article 66(3) of the Reform (Guernsey) Law, 1948, as amended[b], and in pursuance of the Resolution of the States of 29th July 2009[c], hereby orders:
 
Amendment of the Cash Controls (Bailiwick of Guernsey) Law, 2007.
1.      (1)      The Cash Controls (Bailiwick of Guernsey) Law, 2007 is amended as follows.
 
(2)      The definition of "cash" in section 10(1) shall be replaced by the following -
 
""cash" means -
 
(a)      bearer negotiable instruments including monetary instruments in bearer form, such as travellers’ cheques, negotiable instruments (including cheques, promissory notes and money orders) that are either in bearer form, endorsed without restriction, made out to a fictitious payee, or otherwise in such form that title thereto passes upon delivery, incomplete instruments (including cheques, promissory notes and money orders) signed, but with the payee’s name omitted, and
 
(b)      banknotes, bullion (which includes gold, silver, palladium and platinum bullion whether pure or impure) ingots and coins (whether or not in circulation as a medium of exchange),".
 
Citation and commencement.
2.      (1)      This Ordinance may be cited as the Cash Controls Law (Definition of Cash) (Bailiwick of Guernsey) Ordinance, 2009.
 
(2)      This Ordinance shall come into force on the 10th August, 2009.
 
 

[a]

Order in Council No. II of 2008.

[b]

Ordres en Conseil Vol. XIII, p. 288 (there are amendments not material to this Ordinance).

[c]

Article VIII of Billet d'État No. XXI of 2009.