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Limited Liability Companies (Jersey) Law 201-: Consultation Response

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 23 April 2018:

MINISTERIAL DECISION REFERENCE:    MD-C-2018-0080

DECISION SUMMARY TITLE:  Publication of response to consultation dated 20 November 2017 on Limited Liability Companies (Jersey) Law 201-

DECISION SUMMARY AUTHOR:

Lead Policy Adviser, Funds, managed accounts and asset management

IS THE DECISION SUMMARY PUBLIC OR EXEMPT?  

Public

REPORT TITLE:  Response to consultation on Limited Liability Companies (Jersey) Law 201- (the Response Paper)

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

Lead Policy Adviser, Funds, managed accounts and asset management

IS THE REPORT PUBLIC OR EXEMPT 

Public

 

DECISION AND REASON FOR THE DECISION:

The Chief Minister approved and authorised the publication of the Response Paper to the public consultation entitled ‘Consultation on Limited Liability Companies (Jersey) Law 201-’ (the Consultation).

 

On 20 November 2017 the Government of Jersey issued the Consultation in connection with a proposal to enact a law enabling the creation of Jersey limited liability companies.

 

The Response Paper summarises responses to the Consultation.  In total, detailed responses to questions raised in the Consultation were received from four sources (some responses being collated efforts), with another simply confirming support.

 

RESOURCE IMPLICATIONS:

There are no resource implications for the States of Jersey as a result of this decision.

 

ACTION REQUIRED:

The Lead Policy Adviser will take steps to issue the Response Paper and to circulate it to respondents and industry representatives.

 

SIGNATURE:

 

 

SENATOR IAN GORST

POSITION:

 

 

CHIEF MINISTER

 

 

DATE SIGNED

EFFECTIVE DATE OF THE DECISION

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