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Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 201-

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

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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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 11 April 2018:

MINISTERIAL DECISION REFERENCE:    MD-C-2018-0064

DECISION SUMMARY TITLE:  Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 201-

DECISION SUMMARY AUTHOR:

Lead Policy Adviser: Funds, managed accounts & asset management

IS THE DECISION SUMMARY PUBLIC OR EXEMPT?  

Public

 

REPORT TITLE:  Written Report:  Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 201-

REPORT AUTHOR OR NAME OF PERSON GIVING REPORT:  (if different from Decision  Summary Author)

Lead Policy Adviser: Funds, managed accounts & asset management

IS THE REPORT PUBLIC OR EXEMPT 

Public

DECISION AND REASON FOR THE DECISION:

The Chief Minister:

  • approved the draft Limited Liability Partnerships (Amendment of Law) (Jersey) Regulations 201- (the draft Regulations) and the attached report; and
  • directed that the documents be lodged au Greffe for debate by the States at the earliest opportunity.

The Limited Liability Partnerships (Jersey) Law 2017 (the Law) replaces the Limited Liability Partnerships (Jersey) Law 1997 (the Old Framework).  It provides for the establishment, dissolution and winding up of limited liability partnerships, for their registration and for connected purposes.  The Law also provides that every Limited Liability Partnership operating under the Law must appoint a secretary.

The draft Regulations provide that Limited Liability Partnerships that have been established under the Old Framework will continue under the Law from the date the Law comes into force as if they had been registered and grated a certificate under the Law.

The draft Regulations also provide that Limited Liability Partnerships that have been established under the Old Framework have a period of 6 months to appoint a secretary and notify the registrar of the same.  Until such time that a secretary is appointed, the Limited Liability Partnership’s designated partner (a concept that exists under the Old Framework) must carry out the secretary’s functions under the Law.

RESOURCE IMPLICATIONS:

There are no resource implications for the States of Jersey as a result of this decision.

ACTION REQUIRED:

The Financial Services Unit is to request the Greiffier of the States to arrange for the lodging au Greffe of the draft Regulations and report for debate by the States as soon as possible

SIGNATURE:

 

 

SENATOR IAN GORST

POSITION:

 

 

CHIEF MINISTER

 

 

DATE SIGNED

EFFECTIVE DATE OF THE DECISION

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