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

Financial Services Ombudsman Scheme: Policy Paper Approval / Consultation

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A decision made 1 February 2011 regarding: Financial Services Ombudsman Scheme: Policy Paper Approval / Consultation

Decision Reference:  MD-E-2011-0013

Decision Summary Title :

Financial Services Ombudsman Policy Position

Date of Decision Summary:

25 January 2011

Decision Summary Author:

 

Director Strategic Development

Decision Summary:

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title :

Financial Services Ombudsman Policy Position

Date of Written Report:

3 December 2010

Written Report Author:

Strategy Manager

Written Report :

Public or Exempt?

(State clauses from Code of Practice booklet)

Public

Subject:

Financial Services Ombudsman Scheme

 

 

Decision(s):

The Minister approved the Financial Services Ombudsman Scheme Policy Paper. The Minister further approved and authorised the industry consultation which commences on 31st January 2011 and ends on 11th March 2011.

 

 

Reason(s) for Decision:

To enable the issuing of a targeted industry-wide consultation and the subsequent amending and updating of law drafting instructions to introduce a Financial Services Ombudsman Scheme at the earliest opportunity, to comply with a States decision of 5th October 2009.

 

 

Resource Implications:

The Policy Paper and industry-wide consultation exercise will not have any effect on the financial or manpower resources of the States of Jersey.

 

 

Action required:

To approve the Position Paper and thereby authorise the industry-wide consultation exercise.

 

Signature:

 

Senator AJ Maclean

Position:

 

Minister for Economic Development

 

Date Signed:

 

 

Date of Decision (If different from Date Signed):

 

 

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