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Information and public services for the Island of Jersey

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

Jersey Bank Depositors Compensation Scheme: Banks and Bank Groups

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.

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A decision made on 5 June 2019

MINISTERIAL DECISION REFERENCE  

MD-ER-2019-0022 

DECISION SUMMARY TITLE   Approval of notice designating banks and bank groups for the Depositors Compensation Scheme

DECISION SUMMARY AUTHOR

Lead Policy Advisor, Financial Services

IS THE DECISION SUMMARY PUBLIC OR EXEMPT? 

Public

REPORT TITLE   Notice of Banks and Bank Groups for the Purposes of the Jersey Bank Depositors Compensation Scheme

REPORT AUTHOR OR NAME OF PERSON GIVING REPORT

Lead Policy Advisor, Financial Services

IS THE REPORT PUBLIC OR EXEMPT?

Public

DECISION AND REASON FOR THE DECISION

Following changes in the number and identity of deposit-taking licensees in Jersey, in accordance with Regulation 6 of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009 (DCS Regulations), the Minister for External Relations gave notice that the banks listed in the attached report are grouped for the purposes of the annual administration levy, the compensation levy and compensation (each as defined in the DCS Regulations).

This notice supersedes all previous notices given under Regulation 6 of the DCS Regulations.

RESOURCE IMPLICATIONS

There are no resource implications.

ACTION REQUIRED

The Lead Policy Advisor, Financial Services to arrange for the notice to be published on the gov.je and DCS websites.

 

 

 

 

SIGNATURE

 

SENATOR IAN GORST

MINISTER FOR EXTERNAL RELATIONS

 

POSITION

 

 

EFFECTIVE IMMEDIATELY

DATE SIGNED

Jersey Bank Depositors Compensation Scheme: Banks and Bank Groups

 

REPORT

Bank Groups for the Purposes of the Jersey Bank Depositors Compensation Scheme

 

Following changes in the number and identity of deposit-taking licensees in Jersey, in accordance with Regulation 6 of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009 (DCS Regulations), the Assistant Minister for External Relations hereby gives notice that the banks listed below are grouped for the purposes of the annual administration levy, the compensation levy and compensation (each as defined in the DCS Regulations).[1]

This notice supersedes all previous notices given under Regulation 6 of the DCS Regulations.

 

Banks

Grouped for the purposes of Regulation 6 of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009

Abbey National Treasury Services plc, Jersey Branch

Yes

Abu Dhabi Commercial Bank PJSC, Jersey Branch

 

Barclays Bank plc, Jersey Branch

 

BNP Paribas S.A., Jersey Branch

BNP Paribas Securities Services S.C.A., Jersey Branch

Yes

Butterfield Bank (Jersey) Limited

 

Citibank N.A., Jersey Branch

Citicorp Banking Corporation, Jersey Branch

Yes

Deutsche Bank International Limited

 

EFG Private Bank Limited, Jersey Branch

Yes

HSBC Bank Plc, Jersey Branch

 

Investec Bank (Channel Islands) Limited, Jersey Branch

 

JPMorgan Chase Bank N.A., Jersey Branch

 

Lloyds Bank Corporate Markets plc, Jersey Branch

Lloyds Bank International Limited

Lloyds Bank International Services Limited

Yes

Nedbank Private Wealth Limited, Jersey Branch

 

Royal Bank of Canada (Channel Islands) Limited, Jersey Branch

 

SG Kleinwort Hambros Bank (CI) Limited

 

Standard Bank Jersey Limited

 

Standard Chartered Bank, Jersey Branch

 

State Street Bank and Trust Company, Jersey Branch

 

The Royal Bank of Scotland International Limited

 

UBS AG, Jersey Branch

 

Union Bancaire Privée, UBP SA, Jersey Branch

 

 

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[1] Lloyds Bank International Services Limited had become a regulated bank in Jersey. As part of the Lloyd’s Banking Group it is appropriate to group them as such for the purpose of the DCS Regulations. Following the Decision the gov.je and DCS websites will be updated to reflect the updated list.

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