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Jersey Bank Depositors Compensation Board: Appointment of States of Jersey Representative

A formal published “Ministerial Decision” is required as a record of the decision of a Minister (or an Assistant Minister where they have delegated authority) as they exercise their responsibilities and powers.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

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  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

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The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 19 December 2017:

Ministerial decision reference: MD-C-2017-163

Decision summary title   Appointment of States of Jersey representative to the Jersey Bank Depositors Compensation Board

Decision summary author

Chief Officer: Financial Services, Digital and Enterprise

Is the decision summary public or exempt? 

Public

Report title   Appointment of Members of the Jersey Bank Depositors Compensation Board

Report author or name of

person giving report

Chief Officer: Financial Services, Digital and Enterprise

Is the report public or exempt?

Public

Decision and reason for the decision

The Jersey Bank Depositors Compensation Board (“Board”) was established under the Banking Business (Depositors Compensation) (Jersey) Regulations 2009 (“Regulations”) to administer the Jersey Bank Depositors Compensation Scheme.

 

Article 10(2) of the Regulations provides that members of the Board shall be appointed by the States of Jersey on the recommendation of the Minister.  There shall be a States of Jersey representative on the Board.

 

The Chief Officer: Financial Services, Digital and Enterprise recommended that Mr Tom Fothergill be appointed to the Board as representative of the States of Jersey.  The Chief Minister accepted the recommendation of the Chief Officer: Financial Services, Digital and Enterprise and recommends that the States Assembly confirm the appointment of Mr Fothergill.

Resource implications

There are no resource implications for the States of Jersey. 

Action required

The Chief Officer: Financial Services, Digital and Enterprise to lodge the proposition and report au Greffe for debate by the States as soon as possible. 

Signature

 

 

 

 

Position

 

Senator Ian Gorst

Chief Minister of Jersey

 

 

 

 

 

Date signed

Effective date of the decision

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