PROPOSITION
THE STATES are asked to decide whether they are of the opinion –
to agree that the term of office of the following Commissioners of the Jersey Financial Services Commission should be extended from the current 3 year term to a term of 5 years:
Advocate Deborah Jane Lang née Nance
Mr John Frederick Mills, CBE
Mr Louis Philip Chetwynd Taylor
Lord Eatwell of Stratton St Margaret
Advocate Cyril Edward Whelan
Mr Markus Hardy Ruetimann
MINISTER FOR ECONOMIC DEVELOPMENT
REPORT
On 13th July 2011 the States approved Regulations (P.87/2011) to amend the Financial Services Commission (Jersey) Law 1998. Sub-paragraph (2A) to paragraph 1 of Part 2 of Schedule 1 to the Law now allows the States to extend the appointment, from 3 to 5 years, of any Commissioner who was appointed (or reappointed) for a period of less than 5 years.
All of the Commissioners listed below are currently still in their first term and were appointed for 3 years. The list also shows the date of termination of their current appointment and what this would be if their terms were extended from 3 years to 5 years. Their biographies are provided separately.
Name Termination Date
Current Proposed
Advocate Deborah Jane Lang née Nance 29 Nov 2011 29 Nov 2013
Mr John Frederick Mills, CBE 22 Oct 2012 20 Oct 2014
Mr Louis Philip Chetwynd Taylor 22 Oct 2012 20 Oct 2014
Lord Eatwell of Stratton St Margaret 20 Apr 2013 20 Apr 2015
Advocate Cyril Edward Whelan 27 May 2013 27 May 2015
Mr Markus Hardy Ruetimann 14 Sep 2013 14 Sep 2015
The Commission has recommended the extension of these Commissioner’s terms to me, explaining that these extensions will allow for a more orderly approach to the continuity of experience within the Board. The Jersey Appointments Commission has been made aware of the proposal to extend the terms of these Commissioners and has indicated to the Commission that it is happy to support it.
Sub-paragraph (2B) to paragraph 1 of Part 2 of Schedule 1 to the Financial Services Commission (Jersey) Law 1998 provides for the States to debate such extensions in camera.
Financial and Manpower Implications
There are no additional financial or manpower implications for the States arising from this proposition,