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Jersey Financial Services Commission: Appointment of Chairman

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 15 May 2014:

Decision reference:    MD-C-2014-0096

Decision Summary Title :

Appointment of the Chairman of the Board of Commissioners of the Jersey Financial Services Commission

Date of Decision Summary:

14th May 2014

Decision Summary Author:

 

Policy & Research Officer

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Appointment of the Chairman of the Board of Commissioners of the Jersey Financial Services Commission

Date of Written Report:

N/A

Written Report Author:

N/A

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject: Appointment of the Chairman of the Board of Commissioners of the Jersey Financial Services Commission

Decision(s):  The Chief Minister agreed the nomination of Lord Eatwell for appointment as Chairman of the Jersey Financial Services Commission with effect from 17th June 2014.  The Chief Minister approved the proposition and report and decided that these should be lodged au Greffe for debate on 17th June 2014.

Reason(s) for Decision:  The Chief Minister approved the Report and Proposition recommending Lord Eatwell, who is currently serving a term as a Commissioner, be appointed by the States of Jersey to be the Chairman of the Jersey Financial Services Commission, with effect from 17th June 2014 until 21st April 2020.

THE STATES are asked to decide whether they are of opinion –

(a)           in pursuance of Article 3(2)(a) of the Financial Services Commission (Jersey) Law 1998  to extend the appointment of Lord Eatwell as a Commissioner of the Jersey Financial Services Commission with effect from 21 April 2015 until 21 April 2020.

(b)          in pursuance of Article 3(2)(b) of the Financial Services Commission (Jersey) Law 1998 to appoint Lord Eatwell as Chairman of the Jersey Financial Services Commission with effect from 17th June  2014 until 21 April 2020.

Resource Implications: There are no resource or manpower implications arising from this decision

Action required: Report and Proposition to be forwarded to the Greffier of the States asking him to arrange for them to be lodged “au Greffe” for consideration by the States on 17th June 2014.

Signature:

 

 

Position:

Chief Minister

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

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