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Information and public services for the Island of Jersey

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

European Union Legislation (Information Accompanying Transfer of Funds) (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

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 21 April 2017:

MINISTERIAL DECISION REFERENCE:    MD-C-2017-0044

DECISION SUMMARY TITLE:  Draft European Union Legislation (Implementation) (Information Accompanying Transfer of Funds) (Jersey) Regulations 201-

DECISION SUMMARY AUTHOR:

Lead Policy Adviser, Financial Crime and Private Wealth

IS THE DECISION SUMMARY PUBLIC OR EXEMPT?  

Public

REPORT TITLE:  Draft European Union Legislation (Implementation) (Information Accompanying Transfer of Funds) (Jersey) Regulations 201-

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

Lead Policy Adviser, Financial Crime and Private Wealth

IS THE REPORT PUBLIC OR EXEMPT 

Public

DECISION AND REASON FOR THE DECISION:

The Chief minister approved the Draft European Union Legislation (Implementation) (Information Accompanying Transfer of Funds) (Jersey) Regulations 201- (the draft Regulations), which would permit Jersey (along with the other Crown Dependencies) to obtain a derogation to be considered to be part of the UK Payments Area, whereby reduced “Complete Information on Payer” (“CIP”) can be provided with a wire transfer which is required for the operation of payments systems such as BACS.

 

Pursuant to the European Parliament and the European Council adopting Regulation 2015/847 on information accompanying transfers of funds on 20 May 2015, the draft Regulations implement equivalent provisions to Regulation 2015/847 in Jersey legislation. Regulation 2015/847 comes into force on 26 June 2017.

 

RESOURCE IMPLICATIONS:

There are no resource implications as a result of this decision.

ACTION REQUIRED:

That the Greffier of the States be requested to arrange for the draft European Union Legislation (Implementation) (Information Accompanying Transfer of Funds) (Jersey) Regulations 201- to be lodged au Greffe for debate by the States at the earliest opportunity. 

SIGNATURE:

 

 

SENATOR IAN GORST

POSITION:

 

 

CHIEF MINISTER OF JERSEY

 

 

DATE SIGNED

EFFECTIVE DATE OF THE DECISION

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