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Jersey Financial Services Commission: Annual Report 2021

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 22 July 2022

Decision Reference:  MD-ER-2022-476

Public

Subject: Jersey Financial Services Commission 2021 Annual Report

 

Report Title: Jersey Financial Services Commission 2021 Annual Report

Public

Decision(s):

The Minister for External Relations and Financial Services approved the Jersey Financial Services Commission Annual Report for 2021 and requested the Greffier of the States to arrange for it to be presented to the States as a Report.

Reason for Decision(s):

Article 21 of the Financial Services Commission (Jersey) Law 1998 requires the Minister to lay a copy of the Commission's Annual Report before the States, not later than 7 months after the close of each financial year.

Resource Implications: There are no new financial and/or manpower implications arising as a consequence of this decision.

 

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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