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Appointment of Deputy Chairman of the Jersey Financial Services Commission.

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A decision made (15/06/2007) regarding: Appointment of Deputy Chairman of the Jersey Financial Services Commission.

Subject:

Appointment of Deputy Chairman of the Jersey Financial Services Commission

Decision Reference:

MD-E-2007-0114

Exempt clause(s):

 

Type of Report:

(oral or written)

Written

Person Giving Report (if oral):

 

Telephone or

e-mail Meeting?

 

Report

File ref:

 

Written report – Title

Jersey Financial Services Commission – Appointment of Deputy Chairman

Written report – Author

(name and job title)

Paul de Gruchy, Director, Finance Industry Development

Decision(s):

To appoint Jacqueline Richomme Deputy chairman of the Jersey Financial Services Commission, in accordance with Article 3(4) of the Financial Services Commission (Jersey) Law.

Reason(s) for decision:

Richard Pirouet, the previous Deputy Chairman of the Commission, recently retired and the position he previously held is currently vacant. The Commissioners have unanimously agreed that Jacqueline Richomme should be appointed Deputy Chairman, and it is therefore appropriate that she be appointed to that position.

Action required:

The Director, Finance Industry Development to notify Colin Powell, Chairman of the Jersey Financial Services Commission, of the appointment of Jacqueline Richomme as Deputy Chairman.

Signature:

Senator P.F.C.Ozouf

(Minister)

Date of Decision:

15 June 2007

Appointment of Deputy Chairman of the Jersey Financial Services Commission.

MINISTER FOR ECONOMIC DEVELOPMENT

JERSEY FINANCIAL SERVICES COMMISSION

APPOINTMENT OF DEPUTY CHAIRMAN

1 THE ISSUE

1.1 The recent retirement of Richard Pirouet has left vacant the office of Deputy Chairman of the Jersey Financial Services Commission (the “Commission”). The unanimous recommendation of the Board of Commissioners is that Jacqueline Richomme be appointed to fill this vacancy.

1.2 Under the Financial Services Commission (Jersey) Law, the Minister for Economic Development has the power to make this appointment. It is therefore recommended that the Minister appoint Jacqueline Richomme as Deputy Chairman of the Commission and notify the Chairman of the Commission of this decision.

2 BACKGROUND

2.1 The Background to this proposal is straightforward and is set out in the introduction to this paper.

3 ISSUE AND RECOMMENDATION

3.1 It is recommended that the Minister accepts the proposal of the Commissioners and appoint Jacqueline Richomme as Deputy Director of the Commission in accordance with Article 3(4) of the Financial Services Commission (Jersey) Law.

PAUL DE GRUCHY

Director, Finance Industry Development

15 June 2007

 

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