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Bank (Recovery and Resolution) (Amendment – References to Ministers) (Jersey) Order 2022

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.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • 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

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 on 10 May 2022

Decision Reference:  MD-ER-2022-361

Public

Subject: Bank (Recovery and Resolution) (Amendment – References to Ministers) (Jersey) Order 2022

 

Report Title: Bank (Recovery and Resolution) (Amendment – References to Ministers) (Jersey) Order 2022

Public

Decision(s):

The Minister for External Relations and Financial Services made this Order under Article 173 of the Bank (Recovery and  Resolution) (Jersey) Law 2017, after consulting the Jersey Resolution Authority and the Jersey Financial Services Commission and requested that it be laid before the States.

Reason for Decision(s):

This Order amends the Bank (Recovery and Resolution) (Jersey) Law 2017 to update the reference to the Minister for External Relations and Financial Services in the definition of “Minister”, and to remove redundant references to that Minister and the  Minister for Treasury and Resources from the provision on the quorum for meetings of the Jersey Resolution Authority. The Order comes into force 7 days after it is made.

Resource Implications: None.

 

Action Required: External Relations shall -   1. Inform the Greffier that the Minister has made the Order 2. Request the Greffier of the States to arrange for the making of the order to be notified to the States Assembly 3. Forward the signed and sealed Order to the Publications Editor, States Greffe

Signature:

 

 

Signed By: Minister for External Relations and Financial Services

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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