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Jersey Financial Services Commission: Annual Report and Accounts 2011

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 25 June 2012:

Decision Reference:  MD-E-2012-0072

Decision Summary Title :

Jersey Financial Services Commission Annual Report and Accounts 2011

Date of Decision Summary:

21 June 2012

Decision Summary Author:

Deputy 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 :

Jersey Financial Services Commission Annual Report 2011

Date of Written Report:

21 June 2012

Written Report Author:

Deputy Director, Finance Industry Development

Written Report :

Public or Exempt?

Public

Subject:

 

Jersey Financial Services Commission (“JFSC”) Annual Report 2011.

Decision(s):

 

The JFSC’s Annual Report (with accounts) for 2011 is to be presented to the States as part of the ‘R’ series of official reports.

Reason(s) for Decision:

 

Article 21(2) of the Financial Services Commission (Jersey) Law 1998 requires the Minister to lay the JFSC’s Annual Report and accounts before the States.

Resource Implications:

 

There are no significant financial or manpower implications for the States.

Action required:

 

The Greffier of the States to be requested to take the necessary steps for the matter to be presented to the States.

Signature:

 

Senator AJH Maclean

Position:

 

Economic Development Minister

 

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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