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Memorandum of Understanding with Panel on Takeovers and Mergers.

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A decision made (21/07/2009) regarding: Memorandum of Understanding with Panel on Takeovers and Mergers.

Decision Reference:   MD-E-2009-0126 

Decision Summary Title :

Memorandum of Understanding with the Panel on Takeovers and Mergers

Date of Decision Summary:

17 July 2009

Decision Summary Author:

Finance Industry Development Executive

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

 

Written Report

Title :

Memorandum of Understanding with the Panel on Takeovers and Mergers

Date of Written Report:

17 July 2009

Written Report Author:

Finance Industry Development Executive

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:    

Signing of the Memorandum of Understanding (“the MoU”)  between the Minister for Economic Development (“the Minister”), the Panel on Takeovers and Mergers (“the Panel”) and the Jersey Financial Services Commission (“the Commission”).

Decision(s):  

The Minister approved and signed the Memorandum of Understanding in triplicate and forward the signed copies to the Jersey Financial Services Commission for signing.

Reason(s) for Decision: 

To ensure that the Panel’s jurisdiction in Jersey continues to be compatible with that in other jurisdictions where it operates (the UK, Guernsey and the Isle of Man) and to provide for consultation with the Panel on various matters affecting it.

 
Resource Implications: 

There are no measurable financial or manpower costs for the States.  It is envisaged that the consultation provisions in the MoU will rarely be invoked and then as part of a more general consultation process.

Action required: 

The Minister to sign the Memorandum of Understanding in triplicate and forward the signed copies to the Jersey Financial Services Commission for signing.

Signature:  Senator A.J.H.Maclean  

Position:

Minister for Economic Development

Date Signed: 

Date of Decision (If different from Date Signed): 

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