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Information and public services for the Island of Jersey

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

Financial Services (Trust Company Business (Exemptions)) (Amendment No. 4) (Jersey) Order 2014

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

  • 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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 24 July 2014:

Decision Reference: MD-C-2014-0141

Decision Summary Title:

Financial Services (Trust Company Business (Exemptions)) (Amendment No. 4) (Jersey) Order 2014

Date of Decision Summary:

 24th July 2014

Decision Summary Author:

 

Director, Financial Industry Development

Decision Summary:

Public or Exempt?

Public

Type of Report:

Oral or Written?

Written

Person Giving

Oral Report:

N/A

Written Report

Title:

Financial Services (Trust Company Business (Exemptions)) (Amendment No. 4) (Jersey) Order 2014

Date of Written Report:

 24th July 2014

Written Report Author:

Director, Financial Industry Development

Written Report :

Public or Exempt?

Public

 

Subject:  Approval of the draft Financial Services (Trust Company Business (Exemptions)) (Amendment No. 4) (Jersey) Order 2014 (the “Amending Order”).

Decision(s): The Chief Minister made the draft Financial Services (Trust Company Business (Exemptions)) (Amendment No. 4) (Jersey) Order 2014 (the “Amending Order”).

Reason(s) for Decision: 

This Order amends the Financial Services (Trust Company Business (Exemptions)) (Jersey) Order 2000 to clarify the meaning of the expression “registered person” used in paragraph 14 of the Schedule to the 2000 Order which deals with exemptions.

Recommendation from the Jersey Financial Services Commission

The Board of Commissioners have provided their recommendation that the Amending Order be made.

Resource Implications:  There are no financial or manpower implications for the States of Jersey arising as a result of this decision.

Action required:  The signed Order to be provided to the Publications Editor immediately, and Greffier of the States to be requested to arrange for the making of the Order to be notified to the States at the earliest opportunity.

Signature:

 

  

 

 

Position:

 

CHIEF MINISTER

Date Signed:

 

 

Date of Decision:

 

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