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Orders under Companies (Amendment No. 11) (Jersey) Law 2014

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 1 August 2014:

Decision Reference:   MD-C-2014-0139

Decision Summary Title :

Orders under Companies (Amendment No. 11) (Jersey) Law 2014

Date of Decision Summary:

30th July 2014

Decision Summary Author:

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 :

Orders under Companies (Amendment No. 11) (Jersey) Law 2014

Date of Written Report:

30th July 2014

Written Report Author:

Director,

Finance Industry Development

Written Report :

Public or Exempt?)

Public

Subject: Orders under the Companies (Amendment No. 11) (Jersey) Law 2014

Decision(s): The Minister made three draft Orders as a result of changes linked to Companies (Amendment No. 11) (Jersey) Law 2014 and directed that the Orders be laid before the States.

Reason(s) for Decision:

The Companies (Jersey) Law 1991 has been amended by Companies (Amendment No. 11) (Jersey) Law 2014 which comes into force on Friday 1 August 2014.

Three Orders have been prepared as part of these changes:

Companies Uncertificated Securities (Amendment No 2) (Jersey) Order 201-,

Companies (Exemptions) (Jersey) Order 201-, and

Companies (Amendment) (Jersey) Order 201-.

The Orders have been reviewed by a representative of the steering group, and the Jersey Financial Services Commission who agree with the policy proposed and encapsulated in the drafts.

Resource Implications: There are no resource implications as a result of this decision.

Action required: The Greffier of the States to be requested to arrange for the making of the Orders to be notified to the States at the earliest opportunity.

Signature:

 

Position:

Chief Minister

Date Signed:

 

Date of Decision (If different from Date Signed):

 

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