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States of Jersey: Investment Strategies: Amendment

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A decision made 3 November 2023:

Decision Reference:  MD-TR-2023-713

Public

Subject: ‘States Investment Strategies’ document amendment

 

Report Title: Amendment to the ‘States Investment Strategies’ document.

Public

Decision(s):

The Minister for Treasury and Resources decided to approve the amended ‘States Investment Strategies’ document and to present the updated document to the States Assembly.

Reason for Decision(s):

The Public Finances (Jersey) Law 2019 (the Law), part 4, Article 25, section (3) and (4), requires that any amendments to the investment strategy are presented to the States Assembly, and that the Minister must consult a person suitably qualified to provide investment advice, in preparation of such amendments. A comprehensive description of the amendments is outlined in the accompanying Written Report.  In accordance with the Law, investment strategies are maintained for States investments and approved by the Minister. Under advice from the Treasury Advisory Panel adoption of the updated Investment Strategy Document is recommended.

Resource Implications: There are no resource implications from this decision. Any costs stemming from strategy changes will be met from sale proceeds and are expected to be minimal. The changes to strategy will be administered as part of the ongoing responsibilities within the Treasury & Investment Management Team.

 

Action Required: The Minister’s Private Secretary to advise the Head of Treasury and Investment Management when the decision has been signed. The Greffier of the States is requested to arrange for the Investment Strategy Document to be presented to the States. The Treasury and Investment Management Team will ensure changes are implemented.

Signature:

 

 

Signed By: Minister for Treasury and Resources

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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