Skip to main content Skip to accessibility
This website is not compatible with your web browser. You should install a newer browser. If you live in Jersey and need help upgrading call the States of Jersey web team on 440099.
Government of Jerseygov.je

Information and public services for the Island of Jersey

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

Financial Services (Disclosure and Provision of Information) (Jersey) Amendment Law 202-

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.

Ministers are elected by the States Assembly and have legal responsibilities and powers as “corporation sole” under the States of Jersey Law 2005 by virtue of their office and in their areas of responsibility, including entering into agreements, and under any legislation conferring on them powers.

An accurate record of “Ministerial Decisions” is vital to effective governance, including:

  • demonstrating that good governance, and clear lines of accountability and authority, are in place around decisions-making – including the reasons and basis on which a decision is made, and the action required to implement a decision

  • providing a record of decisions and actions that will be available for examination by States Members, and Panels and Committees of the States Assembly; the public, organisations, and the media; and as a historical record and point of reference for the conduct of public affairs

Ministers are individually accountable to the States Assembly, including for the actions of the departments and agencies which discharge their responsibilities.

The Freedom of Information Law (Jersey) Law 2011 is used as a guide when determining what information is be published. While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.

A decision made 30 July 2024:

Decision Reference:  MD-ER-2024-573

Public

Subject: Draft Financial Services (Disclosure and Provision of Information) (Jersey) Amendment Law 202-

 

Report Title: Draft Financial Services (Disclosure and Provision of Information) (Jersey) Amendment Law 202-

Public

Decision(s):

Deputy E. Millar of St. John, St. Lawrence and Trinity, Assistant Minister for External Relations, on behalf of the Minister for External Relations, decided to approve the Draft Financial Services (Disclosure and Provision of Information) (Jersey) Amendment Law 202- (the Draft Law) for debate by the States Assembly at the earliest opportunity (10th September 2024).

Reason for Decision(s):

The Draft Law makes amendments to the Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020 (the DPI Law) to provide for persons who are obliged to perform customer due diligence, under the Money Laundering (Jersey) Order 2008, to access beneficial ownership information held by the Jersey Financial Services Commission under the DPI Law.    The Proposition is made in pursuit of the commitment that Jersey, along with the other Crown Dependencies, made on the 13th December 2023, to further enhance the transparency of its centralised register in line with developing international standards.

Resource Implications: There are no new financial and/or manpower implications.

 

Action Required: Officers to request the Greffier of the States to arrange for the item(s) to be lodged 'au Greffe'.

Signature:

 

 

Signed By: Deputy E. Millar of St. John, St. Lawrence and Trinity

Date Signed:

 

30th July 2024

Date of Decision (If different from Date Signed):

 

 

Back to top
rating button