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Foundations (Jersey) Law 2009: Amendment: Law drafting instructions

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While there is a presumption toward publication to support of transparency and accountability, detailed information may not be published if, for example, it would constitute a breach of data protection, or disclosure would prejudice commercial interest.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 13 February 2015:

MINISTERIAL DECISION REFERENCE:    MD-C-2015-0019

DECISION SUMMARY TITLE:  Drafting Instructions for amendments to the Foundations (Jersey) Law 2009

DECISION SUMMARY AUTHOR:

Legislative and Policy Development, Financial Services

IS THE DECISION SUMMARY PUBLIC OR EXEMPT?  

Public

REPORT TITLE:  Drafting Instructions for amendments to the Foundations (Jersey) Law 2009

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

Legislative and Policy Development, Financial Services

IS THE REPORT PUBLIC OR EXEMPT 

Exempt (3.2.1 (a) (xiv))

DECISION AND REASON FOR THE DECISION:

The Chief Minister approved a request to be made to the Law Draftsman for further amendment of the  Foundations (Jersey) Law 2009, which it was noted is already proposed to be amended by Regulations in respect of a record keeping requirement under the Financial Action Task Force (“FATF”) Recommendations.

It is further proposed that the Foundations (Jersey) Law 2009 (the “Foundations Law”) be amended to include a further three amendments that have been under consideration by the Foundations Law Working Group for some time. These amendment relate to:

 

i)                     Broadening the requirements of the Objects Clause (Article 5)

ii)                   Amendment of the definition of Qualified Person (Article 1)

iii)                 Ability to amend the Regulations of a Foundation (Article 5(5))

RESOURCE IMPLICATIONS:

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

 

 

ACTION REQUIRED:

That the Law Drafting Instructions contained in the written report be sent to the Law Draftsman for immediate action.

 

SIGNATURE:

 

 

 

POSITION:

 

CHIEF MINISTER OF JERSEY

 

 

 

DATE SIGNED

EFFECTIVE DATE OF THE DECISION

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