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Law drafting instructions in relation to appointments under the Financial Services Commission (Jersey) Law 1998

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A decision made 24 March 2010 regarding: Law drafting instructions in relation to appointments under the Financial Services Commission (Jersey) Law 1998 (“the Law”).

Decision Reference:   MD-E-2010-0053 

Decision Summary Title:

Law drafting instructions in relation to appointments under the Financial Services Commission (Jersey) Law 1998            

Date of Decision Summary:

22 March 2010

Decision Summary Author:

Director, Finance Industry Development

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Law drafting instructions in relation to appointments under the Financial Services Commission (Jersey) Law 1998            

Date of Written Report:

22 March 2010

Written Report Author:

Director, Finance Industry Development

Written Report :

Public or Exempt?

Public

Subject: 

Law drafting instructions in relation to appointments under the Financial Services Commission (Jersey) Law 1998 (“the Law”).

            

Decision(s) 

The Minister approved the recommended amendments to the Law and requested the Jersey Financial Services Commission (“the Commission”) to prepare the necessary law drafting instructions. 

Reason(s) for Decision:

The Commission has recommended that certain provisions of the Law relating to the appointment of Commissioners be amended in order to allow the Commission to more clearly demonstrate compliance with international standards for transparency and operational independence.

Resource Implications:  

There are no financial or manpower implications for the States of Jersey.

Action required: 

The Economic Development Department to notify the Commission and the Law Draftsman of this decision in order that drafting instructions can be prepared.

Signature:  Senator A.J.H.Maclean 
 

Position: Minister for Economic Development

Date Signed:                 

Date of Decision:   

 

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