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Jersey Bank Depositors Compensation Board: Annual Report and Audited Financal Statements for year ended 31 March 2013

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

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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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 on 11 July 2013:

Decision Reference:  MD-E-2013-0070

Decision Summary Title :

Jersey Bank Depositors Compensation Board Annual Report and Audited Financial Statements for year ended 31 March 2013

Date of Decision Summary:

 

11 July 2013

Decision Summary Author:

Director, Finance Industry Development

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

n/a

Written Report

Title :

Jersey Bank Depositors Compensation Board Annual Report and Audited Financial Statements for year ended 31 March 2013

Date of Written Report:

 

11 July 2013

Written Report Author:

Director, Finance Industry Development

Written Report :

Public or Exempt?

Public

Subject:

 

Jersey Bank Depositors Compensation Board (the “Board”) Annual Report and Audited Financial Statements for year ended 31 March 2013.

Decision(s):

 

The Board’s Annual Report (with audited financial statements) for the year ended 31 March 2013 are to be presented to the States as part of the ‘R’ series of official reports.

Reason(s) for Decision:

 

Regulation 14(6) of the Banking Business (Depositors Compensation) (Jersey) Regulations 2009 requires the Minister to lay the Board’s Annual Report and audited financial statements before the States.

Resource Implications:

 

There are no financial or manpower implications for the States as a result of this decision.

Action required:

 

The Greffier of the States to be requested to take the necessary steps for the matter to be presented to the States at the sitting commencing 16 July 2013.

Signature:

 

 

 

Senator AJH Maclean

Position:

 

 

 

Minister for Economic Development

Date Signed:

 

Date of Decision (If different from Date Signed):

 

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