Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of Jerseygov.je

Information and public services for the Island of Jersey

L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Collective Investment Funds (Unregulated Funds) (Amendment No. 4) (Jersey) Order 2018

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 20 April 2018:

MINISTERIAL DECISION REFERENCE:    MD-C-2018-0076

DECISION SUMMARY TITLE:  Collective Investment Funds (Unregulated Funds) (Amendment No. 4) (Jersey) Order 2018

DECISION SUMMARY AUTHOR:

Lead Policy Adviser:  Funds, managed accounts & asset management

IS THE DECISION SUMMARY PUBLIC OR EXEMPT?  

Public

REPORT TITLE:  Collective Investment Funds (Unregulated Funds) (Amendment No. 4) (Jersey) Order 2018

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

Lead Policy Adviser:  Funds, managed accounts & asset management

IS THE REPORT PUBLIC OR EXEMPT 

Public

DECISION AND REASON FOR THE DECISION:

The Chief Minister made the Collective Investment Funds (Unregulated Funds) (Amendment No. 4) (Jersey) Order 2018 (the Amendment Order).

The Amendment Order amends Schedule 4 of the Collective Investment Funds (Unregulated Funds) (Jersey) Order 2008 to include the Stock Exchange of Mauritius (in respect only of its market known as the “Official Market”) in the list of exchanges and markets set out in that schedule.

 

The Amendment Order will come into force the day after it has been made.

 

In accordance with Article 20 of the Collective Investment Funds (Jersey) Law 1988, the Jersey Financial Services Commission has recommended that the Chief Minister make the Amendment Order.

 

RESOURCE IMPLICATIONS:

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

ACTION REQUIRED:

That the Chief Minister sign and seal the Amendment Order and it be returned to the States Greffe for immediate publication, and that the Greffier of the States be requested to arrange for the making of the Amendment Order to be notified to the States.  

 

SIGNATURE:

 

 

SENATOR IAN GORST

POSITION:

 

 

CHIEF MINISTER

 

 

DATE SIGNED

EFFECTIVE DATE OF THE DECISION

Back to top
rating button