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Financial Services Ombudsman (Case-Fee and Levy) (Amendment) (Jersey) Regulations 201-

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 September 2016:

Decision Reference: MD-E-2016-0044

Decision Summary Title :

Draft Financial Services Ombudsman (Case-Fee and Levy) (Amendment) (Jersey) Regulations 201-

Date of Decision Summary:

20 September 2016

Decision Summary Author:

 

Assistant Director

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

 

N/A

Written Report

Title :

Draft Financial Services Ombudsman (Case-Fee and Levy) (Amendment) (Jersey) Regulations 201-

Date of Written Report:

16 September 2016

Written Report Author:

Assistant Director

Written Report :

Public or Exempt?

 

Public

Subject:

Draft Financial Services Ombudsman (Case-Fee and Levy) (Amendment) (Jersey) Regulations 201-

Decision(s):

The Minister approved the draft Financial Services Ombudsman (Case-Fee and Levy) (Amendment) (Jersey) Regulations 201- and decided to lodge the draft ‘au Greffe’.

Reason(s) for Decision:

These Regulations amend the Financial Services Ombudsman (Case-Fee and Levy) (Jersey) Regulations 2015 and Schedule 2 to the Financial Services Ombudsman (Jersey) Law 2014 (under an arrangement with Guernsey for the purpose of Article 6(1)(b) of that Law).

 

The amendments postpone, from the end of 2016 to the end of 2018, the ending of the equal splitting of the costs of the Office of the Financial Services Ombudsman between Jersey and Guernsey. They also ensure the levy scheme can provide for levy notices to be served on representatives of financial service providers in appropriate circumstances.

Resource Implications:

There are no financial or manpower implications as a result of this decision.

Action required:

The Greffier of the States to be requested to arrange to lodge ‘au Greffe’ the Draft Financial Services Ombudsman (Case-Fee and Levy) (Amendment) (Jersey) Regulations 201- at the earliest opportunity.

Signature: Senator L J Farnham

Position:

Minister for Economic Development, Tourism, Sport and Culture

Date Signed:

Date of Decision (If different from Date Signed)

 

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