Insurance Business (Amendment No. 6) (Jersey) Law 200-.

Information about the publication of Ministerial Decisions

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.

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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

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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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 (21/09/2007) regarding: Insurance Business (Amendment No. 6) (Jersey) Law 200-.

Decision Reference: MD-E-2007-0182
Decision Summary Title:	Insurance Business (Amendment No. 6) (Jersey) Law 200-		Date of Decision Summary:	20 September 2007
Decision Summary Author:	James Mews, Finance Industry Development Executive		Decision Summary: Public or Exempt?	Public
Type of Report: Oral or Written?	Written		Person Giving Oral Report:	N/A
Written Report Title:	Insurance Business (Amendment No.6) (Jersey) Law 200-		Date of Written Report:	20 September 2007
Written Report Author:	James Mews, Finance Industry Development Executive		Written Report: Public or Exempt?	Public
Subject: Approval of the Insurance Business (Amendment No.6) (Jersey) Law 200- (the “Amendment”)
Decision(s): The Minister approved the Amendment, signed the Statement of Compatibility with the ECHR, and approved the Report to be included in the Amendment, and requested officers to take such steps as necessary to lodge the Amendment for debate by the States on 6 November 2007.
Reason(s) for Decision: The changes proposed are to introduce standard regulatory provisions: To implement international standards in the regulation of insurance business in Jersey – in preparation for the IMF assessment in 2008. To improve compatibility with the European Convention on Human Rights To enhance the ability of the Commission to co-operate with supervising authorities in countries and territories outside Jersey. The proposals have been subject to consultation and no objections have been received from Jersey Finance Limited.
Resource Implications: No measurable cost or manpower implications arise for the Commission, the States or industry.
Action required: The Finance Industry Development Executive to undertake the necessary arrangements for the lodging of the Amendment and accompanying Report au Greffe by 24th September 2007 in order for the draft Law to be debated on 6th November 2007.
Signature:		Position: Minster for Economic Development
Date Signed:		Date of Decision: