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L'înformâtion et les sèrvices publyis pouor I'Île dé Jèrri

Jersey Bank Depositors Compensation Board: Appointment of Members

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.

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  • 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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 21 December 2015:

Ministerial decision reference    MD-C-2015-0145

Decision summary title   Appointment of Members of the Jersey Bank Depositors Compensation Board

Decision summary author

Director, Financial Services Unit

Is the decision summary public or exempt? 

Public

Report title   Appointment of Members of the Jersey Bank Depositors Compensation Board

Report author or name of

person giving report

Director, Financial Services Unit

Is the report public or exempt?

Public

Decision and reason for the decision

The Board is established under the Banking Business (Depositors Compensation) (Jersey) Regulations 2009 (“the Regulations”) to administer the Jersey Bank Depositors Compensation Scheme.  Board members are appointed in order to carry on the work of the Board Members of the Board are appointed by the States on the nomination of the Minister. 

The Assistant Chief Minister acting under delegated powers from the Chief Minister accepted the recommendations of the Selection Panel and nominated a States of Jersey representative and therefore nominated the following individuals for appointment by the States as Members of the Board for a period of five years:

Mr Paul Leary (Chairman)

Mr Peter Shirreffs

 

and the following individuals as Members of the Board for a period of 4 years:

Mr Michael Halsey

Advocate Mark Dunlop

 

Mr James Mews will be the nominated States of Jersey representative.

 

Resource implications

There are no resource implications for the States of Jersey. 

Action required

The Director, Financial Services Unit to lodge the proposition and report au Greffe for debate by the States as soon as possible. 

Signature

 

 

 

 

Position

Senator P F C Ozouf

Assistant Chief Minister

 

 

 

 

 

Date signed

Effective date of the decision

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