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Jersey Financial Services Commission: Re-appointment of a Commissioner

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 on 19 April 2022

Decision Reference:  MD-ER-2022-282

Public

Subject: JFSC: Reappointment of a Commissioner

 

Report Title: Jersey Financial Services Commission: Reappointment of a Commissioner

Public

Decision(s):

The Minister wishes to notify the States of his intention to re-appoint Ms. Annamaria Koerling as a Commissioner of the Jersey Financial Services Commission (JFSC) for a period of 4 years, commencing at the conclusion of the existing term of office, as set by P.70/2017 (JFSC Appointment of Commissioner), and expiring at 23:59 on 26 September 2026.

Reason for Decision(s):

The JFSC Board of Commissioners unanimously recommended Commissioner Koerling's re-appointment.  The Minister is required to notify the States of his intention to re-appoint Commissioner Koerling in accordance with Article 3(2)(a) of the Financial Services Commission (Jersey) Law 1998 (“the 1998 Law”) and Article 2 of the States of Jersey (Appointment Procedures) (Jersey) Law 2018.  The term of office of a Commissioner is prescribed by Part 2 of Schedule 1 to the 1998 Law, and cannot exceed 9 years in total. Commissioner Koerling was first appointed for a term of 5 years from 26 September 2017.

Resource Implications: None

 

Action Required: The Greffier is requested to arrange for the Report to be presented to the States.

Signature:

 

 

Signed By: Minister for External Relations and Financial Services

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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