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Limited Liability Companies (Jersey) Law 2018: Amendments: Law Drafting request

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 07 November 2019

MINISTERIAL DECISION REFERENCE:    MD-ER-2019-0060

DECISION SUMMARY TITLE:  Law drafting request for amendments to the Limited Liability Companies (Jersey) Law 2018

DECISION SUMMARY AUTHOR:

Lead Policy Advisor, Financial Services

IS THE DECISION SUMMARY PUBLIC OR EXEMPT?  

Public

REPORT TITLE:  Amendment to the Limited Liability Companies (Jersey) Law 2018

REPORT AUTHOR OR NAME OF PERSON GIVING REPORT:  (if different from Decision  Summary Author)

 

IS THE REPORT PUBLIC OR EXEMPT 

Exempt

DECISION AND REASON FOR THE DECISION:

The Minister for External Relations approved the report and authorised the Financial Services and Digital Economy department to instruct the principal legislative drafter to draft legal instruments to bring limited liability companies into operation in Jersey. These will include specifically:  

  1. Amendments to the Limited Liability Companies (Jersey) Law 2018 (the ‘LLC Law’); and
  2. Amendments to existing legislation required in order to bring into force the LLC Law.

The amendments to the LLC Law will address a number of clarifications in the Law, provide for consistency between existing provisions and provide clarity as to the treatment of LLCs. The amendments to existing legislation will ensure the functionality of the LLC Law.

RESOURCE IMPLICATIONS:

Law drafting time will be required. There are no other resource implications for the Government of Jersey.

ACTION REQUIRED:

That law drafting instructions be submitted by the Financial Services and Digital Economy Department.  

SIGNATURE:

 

 

SENATOR IAN GORST

POSITION:

 

 

MINISTER FOR EXTERNAL RELATIONS

 

 

DATE SIGNED

EFFECTIVE IMMEDIATELY

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