Financial Services (Jersey) Amendment Law 202-

Information about the publication of Ministerial Decisions

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 22 May 2025:

Decision Reference: MD-ER-2025-385		Public
Subject: Introduction of a consumer credit regime
Report Title: Introduction of a consumer credit regime		Public
Decision(s): The Minister for External Relations approved the Financial Services (Jersey) Amendment Law 202- (the Draft Law) with the attached report and signed the statement of compliance with the Human Rights (Jersey) Law 2000. The Minister for External Relations further directed that the documents be lodged au Greffe for debate by the States at the earliest opportunity.
Reason for Decision(s): The Draft Law makes amendments to the Financial Services (Jersey) Law 1998 and the Loi (1880) Sur La Propriété Foncière and repeals the Loi (1884) Sur Le Prêt Sur Gages to provide a legislative framework for consumer protections for individuals entering into certain types of consumer credit agreements and arrangements. The Draft Law also provides regulatory certainty for those businesses operating in the consumer credit market. The proposition is made following a recommendation from the Jersey Financial Services Commission to bring consumer credit within its regulatory scope and establishes a consumer credit regime with standards and behaviours that are consistent with other leading financial services jurisdictions, including, but not limited to, the United Kingdom and Guernsey.
Resource Implications: There may be additional financial and/or resource implications. Further detail is included in the detail section of the report.
Action Required: Officers to request the Greffier of the States to arrange for the item to be lodged 'au Greffe' for debate by the States Assembly.
Signature:	Signed By: Minister for External Relations
Date Signed: 22/05/2025	Date of Decision (If different from Date Signed):