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Jersey Bank Depositors Compensation Board: Annual Report and Audited Financial Statements 2023

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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A decision made 27 June 2024:

Decision Reference:  MD-ER-2024-505

Public

Subject: Jersey Bank Depositors Compensation Board Annual Report and Audited Financial Statements 2023

 

Report Title: The Jersey Bank Depositors Compensation Board Annual Report and Audited Financial Statements 31 January 2024

Public

Decision(s):

The Minister for External Relations, subject to Regulation 14 of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009, decided to lay before the States Assembly a copy of the 2023 Jersey Bank Depositors Compensation Board Annual Report and Audited Financial Statements.

Reason for Decision(s):

Subject to Regulation 14 of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009, the Minister must lay the accounts and reports of the Jersey Bank Depositors Compensation Board (“JBDCB”) before the States as soon as practicable after receiving them.  The JBCDB has prepared accounts and a report on its operations for the year ended 31st January 2024. The accounts have been audited by BDO Limited with a true and fair opinion provided on the accounts prepared at attached as a supplemental report.  The accounts have been provided to the Government of Jersey via electronic mail as of 18th June 2024.

Resource Implications: There are no new financial and/or manpower implications.

 

Action Required: Officers to request the Greffier of the States to arrange for the item(s) to be presented to the States Assembly.

Signature:

 

 

Signed By: Minister for External Relations

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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