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Information and public services for the Island of Jersey

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

Office of the Financial Services Ombudsman: 2025 Budget: Approval

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 2 December 2024:

Decision Reference:  MD-SED-2024-932

Public

Subject: Approval of OFSO Annual Budget for 2025

 

Report Title: Approval of OFSO Annual Budget for 2025

Exempt (Article 36)

Decision(s):

The Minister decided to approve the annual budget for 2025 submitted by the Office of the Financial Ombudsman (OFSO) as required by  Schedule 2(2) of the Financial Services Ombudsman (Jersey) Law 2014 (the "OFSO Law").

Reason for Decision(s):

Schedule 2(2) requires OFSO to formally adopt its annual budget as approved by the Minister before the start of its next financial year or as soon as practicable after its start.

Resource Implications: There are no new financial and/or manpower implications.

 

Action Required: Department to take necessary action.

Signature:

 

 

Signed By: Minister for Sustainable Economic Development

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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