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Information and public services for the Island of Jersey

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

Bids for Resources Law Drafting Programme 2007

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A decision made (30/03/2006) approving bids for the Law Drafting 2007 Programme.

Subject:

Economic Development – Law Drafting Bids 2007 Legislation Programme

Decision Reference:

MD-E-2006-0051

Exempt clause(s):

 

Type of Report:

(oral or written)

Written

Person Giving Report (if oral):

N/A

Telephone or

e-mail Meeting?

N/A

Report

File ref:

 

Written report – Title

Bids for Law Drafting Resources – 2007 Programme

Written report – Author

(name and job title)

Colin Gibaut, Director of Policy and Strategy

Decision(s):

The Minister approved the accompanying (Written Report - Summary and Legislation Request Questionnaires - Supporting Documents) bids for the Law Drafting 2007 Programme.

Reason(s) for decision:

The Department needs to indicate to the Chief Minister’s Department its requirement for law drafting resources for 2007.

Action required:

Bid summaries, completed questionnaires and decision summary to be sent to the Chief Minister’s Department by 30th March 2006.

Signature:

(Minister)

Date of Decision:

30 March 2006

Bids for Resources Law Drafting Programme 2007

BIDS FOR LAW DRAFTING RESOURCES – 2007 PROGRAMME

Minister : Economic Development

(a) ‘Essential’ items

Minister’s

priority

Title of item

Brief explanation of why it is essential that this item is in the 2007 programme

Date of delivery of law drafting instructions in 2007

1

Harbours (Jersey) Law and consequential amendments to Harbours Administration Law and Regulations related to powers of direction

In support of States decision and aiming for incorporation 1 January 2008

Q1 2007

2

International ship / port security amendments

Necessary to maintain access to international ports for Jersey vessels

Not known as dependent on European Union and UK drafting programme but is likely to arise in 2007 and Department will have to bring into force locally.

3

Fishing Vessel safety provisions amendments

Necessary to maintain access to international ports for Jersey vessels

Q3 2007

4

Tourism General Provisions Order amendment

Law does not reflect current practice

Q4 2006

5

Amendments to Regulatory Laws (Finance) (and subordinate legislation, as applicable) – Financial Services (Jersey) Law 1998, Banking Business (Jersey) Law 1991, Insurance Business (Jersey) Law 1996, Collective Investment Funds (Jersey) Law 1988, Financial Services Commission (Jersey) Law 1998, and Money Laundering (Jersey) Order 1999

IMF preparation

Q2 2007

6

Amendments to Financial Services Law,

Collective Investment Funds Law, Banking Business Law, Insurance Business Law

Punitive fines recommended by IMF

Q2 2007

7

Amendments to Financial Services (Jersey) Law 1998, Banking Business (Jersey) Law 1991, Insurance Business (Jersey) Law 1996 and Collective Investment Funds (Jersey) Law 1988

Need to introduce powers to ban principal persons – IMF recommendation

Q1 2007

8

Amendment to Financial Services (Trust Company Business (Assets-Customer Money)) (Jersey) Order 2000

Amendment required to cover assets other than cash – current definition too narrow and thus there is an increased risk to the public / consumer

Q3/4 2007

9

Amendment to Financial Services (Trust Company Business (Accounts, Audits and Reports)) (Jersey) Order 2000

Need to tighten reporting requirements to meet international standards

Q3/4 2007

10

Amendments to Control of Borrowing (Jersey) Order 1958 and Companies (General Provisions) (Jersey) Order 2002

Exemption for prospectuses relating to funds subject to CIF Law or EU Directive – to reduce barriers to new funds

Q1 2007

11

Gambling (Jersey) Law and subordinate legislation - repeal existing law and replace with new law

States decision to update law

Q2 2007

12

New Gambling Commission (Jersey) Law

States decision to create a Commission

Q1 2007

13

New Pensions Law

The Island has no system for supervising pensions offered to local residents. The problem with pension schemes in the UK is a major issue at present and Jersey legislation in this area urgently.

Q3/4 2007

14

Licensing Law amendment

Remove duty of CEO to attend every sitting of licensing assembly

Available now

15

National Lottery (Jersey) Regulations amendment

UK has amended its lottery bill in order for Jersey to press ahead with its plans

Q4 2006

16

Companies Law Regulations - take over panel

Needed to maintain Jersey’s competitive position as a jurisdiction in which to incorporate listed companies

Q2/3 2006

17

New Cigarette Lighter Refill (Jersey) Law 200-

States decision

Q4 2006

(b) ‘Desirable’ items

Minister’s priority

Title of item

Date of delivery of law drafting instructions in 2007

1

Amendments to Companies (Jersey) Law 1991, Bankruptcy (Désastre) (Jersey) Law 1990, and consequential amendments to the Companies (General Provisions) (Jersey) Order to introduce commercial security provisions and appointment of receivers

Q1 2007

2

Limited Liability Partnerships (Jersey) Law 200- – repeal and replace existing law

Q2 2007

3

New Companies Law (Amendment No.10) (Jersey) Law 200- – removal of maintenance of capital provisions

Q2 2007

4

Amendments to Financial Services (Jersey) Law 1998 – Subordinate Legislation to remove anomalies and duplication

Q1 2007

5

Amendments to Control of Borrowing (Jersey) Law 1947 and Control of Borrowing (Jersey) Order

Q3 2007

6

Amendments to Financial Services (Jersey) Law 1998 and repeal of Banking Business (Jersey) Law 1991

Q4 2007

7

Amendments to Collective Investment Funds (Jersey) Law 1988 and Collective Investment Funds (Recognised Funds) (General Provisions) (Rules) (Jersey) Order 2003

Dependent on HM Treasury request for Jersey to update its legislation to maintain “designated territory status”

8

Amendment to Harbours (Jersey) Regulations 1962 to bring policy considerations into the granting of access to ramps at harbours

Q4 2006

9

New Ombudsman Law

Q2 2007

(c) Items that can be dropped from - (i) current work in progress

There are no items that can be dropped from current work in progress

(ii) the 2006 legislation programme:

There are no items that can be dropped from the 2006 programme

(Please list here)

(d) INDICATIVE LIST OF ITEMS FOR 2008 AND 2009 PROGRAMMES

This is intended simply to provide an indication of anticipated drafting requirements for 2008 and 2009, and this would need to be assessed and prioritised at the appropriate time.

2008

Minister’s priority

Title of item

Financial Impact

(see note)

FTE Impact

(see note)

1

Regulatory Laws

Current/new

Yes/No

2

Proceeds of Crime Law;

Money Laundering Order

Drug Trafficking Offences Law; etc

 

 

3

Companies Law

 

 

4

CIF (Rec Funds) (Gen Prov) (Rules) Order

 

 

2009

Minister’s priority

Title of item

Financial Impact

FTE Impact

1

POCL / AML etc

 

 

2

Companies Law

 

 

3

Regulatory Laws

 

 

4

CIF (Rec Funds) (Gen Prov) (Rules) Order

 

 

5

Weights and Measures Law plus various Orders

 

 

6

Unfair Commercial Practices Law.

Circa £50,000 might be required if this cannot be funded within the department’s budget

Yes – One additional FTE

Note:

If it is anticipated that the item of legislation will have any additional financial or manpower implications, please provide further details in the table.

20 March 2006

 

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