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

Jersey Financial Services Commission: Appointment of Deputy Chairman

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 on 13 November 2018

MINISTERIAL DECISION REFERENCE

MD-C-2018-0178

DECISION SUMMARY TITLE

Appointment of Deputy Chairman of the Jersey Financial Services Commission:

Ian Wright

DECISION SUMMARY AUTHOR

Lead Policy Adviser, Banking & Corporate, Financial Services & Digital Economy

IS THE DECISION SUMMARY PUBLIC OR EXEMPT?  

Public

REPORT TITLE

Appointment of Deputy Chairman of the Jersey Financial Services Commission:

Ian Wright

REPORT AUTHOR OR NAME OF PERSON GIVING REPORT

Lead Policy Adviser, Banking & Corporate, Financial Services & Digital Economy

IS THE REPORT PUBLIC OR EXEMPT?

Public

DECISION AND REASON FOR THE DECISION

 

A vacancy for a Deputy Chairman of the Jersey Financial Services Commission (Commission) has arisen. The Board of Commissioners (Board) has recommended Ian Wright be appointed. The Chief Minister has accepted this recommendation and proposes to appoint Ian Wright as Deputy Chairman with effect from 30 November 2018.  

 

An appointment of Deputy Chairman is made under Article 3(4) of the Financial Services Commission (Jersey) Law 1998 (FSC Law) which provides that the appointment of Deputy Chairman shall be made by the Chief Minister.  For the avoidance of doubt, Article 2 of the States of Jersey (Appointment Procedures) (Jersey) Law 2018 does not apply to Article 3(4) of the FSC Law.

 

RESOURCE IMPLICATIONS

There are no resource implications for the States of Jersey.

ACTION REQUIRED

The Lead Policy Adviser, Banking & Corporate, Financial Services & Digital Economy to notify the Chairman of the Commission and the Board of the appointment.  

SIGNATURE

 

 

SENATOR JOHN LE FONDRE

POSITION

 

 

CHIEF MINISTER OF JERSEY

DATE SIGNED

EFFECTIVE IMMEDIATELY

Jersey Financial Services Commission: Appointment of Deputy Chairman

REPORT

 

Appointment of Commissioner of the Jersey Financial Services Commission

 

Ian Wright

 

Summary

 

A vacancy for a Deputy Chairman of the Jersey Financial Services Commission (Commission) has arisen. The Board of Commissioners (Board) has recommended Ian Wright be appointed. The Chief Minister has accepted this recommendation and proposes to appoint Ian Wright as Deputy Chairman with effect from 30 November 2018.

 

 

Background

 

The Commission was established under the Financial Services Commission (Jersey) Law 1998 (Commission Law) to supervise and develop financial services in Jersey, provide advice and assistance to States Members in relation to financial services, and uphold regulatory standards which:

 reduce risk to the public of financial loss due to dishonesty, incompetence, malpractice or the financial unsoundness of financial service providers;

 protect and enhance the reputation and integrity of Jersey in commercial and financial matters;

 safeguard the best economic interests of Jersey; and

 counter financial crime in both Jersey and elsewhere.

 

A vacancy for a Deputy Chairman has arisen because of the imminent retirement of Debbie Prosser on 29 November 2018.

 

 


Legal Framework

 

Article 3 of the Commission Law deals with the appointment of Commissioners.  It provides that the Chief Minister shall make the appointment.  Article 3 provides in full as follows:

 

(1)     The Commission shall consist of 

(a)     a Chairman; and

(b)     not less than 6 other Commissioners.[11]

(2)     The Minister shall appoint 

(a)     the Commissioners; and

(b)     a Commissioner to be Chairman of the Commission.[12]

(2A)   Article 2 of the States of Jersey (Appointment Procedures) (Jersey) Law 2018[13] shall apply to the appointment of the Chairman and other Commissioners.[14]

(3)     The Commissioners shall include 

(a)     persons with experience of the type of financial services supervised by the Commission;

(b)     regular users on their own account or on behalf of others, or representatives of those users, of financial services of any kind supervised by the Commission; and

(c)     individuals representing the public interest,

and the composition of the Commission shall be such as to secure a proper balance between the interests of persons carrying on the business of financial services, the users of such services and the interests of the public at large.

(4)     The Minister shall appoint one Commissioner to be Deputy Chairman.[15]

(5)     The functions, powers, rights and obligations of the Commission shall not be affected by any vacancy in its membership.

 

 

Appointment

 

As set out above, the Commission Law provides that the Minister, being the Chief Minister currently, shall appoint one Commissioner to be Deputy Chairman. As a consequence of the retirement of Debbie Prosser on 29 November 2018 the Board has recommended Commissioner Ian Wright be appointed Deputy Chairman from 30 November 2018.

 

 

 

 

[END]

Back to top
rating button