Financial
Services Ombudsman (Board – Amendment) (Jersey) Regulations 2021
Made 19th January 2021
Coming into
force 20th January 2021
THE STATES make these Regulations under Article 2(5) of
the Financial Services Ombudsman (Jersey) Law 2014[1] –
1 Amendment of paragraph 1 (appointment of board members) of Schedule
1 to Financial Services Ombudsman (Jersey) Law 2014
In Schedule 1 to the
Financial Services Ombudsman (Jersey) Law 2014[2] –
(a) in paragraph 1(4)
for “complied with sub-paragraph (6)” there is substituted “complied with
sub-paragraph (7)”;
(b) after paragraph 1(8)
there is inserted –
“(8A) Despite
sub-paragraph (8), the Minister may, in an instrument re-appointing a
board member, specify a period of one year for that re-appointment, if –
(a) the Minister and the Chairman
agree that exceptional circumstances render it impracticable to make an
appointment of at least 3 years; and
(b) the board member being
re-appointed has not previously been re-appointed for one year under this sub-paragraph.”.
2 Citation and
commencement
These Regulations may be
cited as the Financial Services Ombudsman (Board –
Amendment) (Jersey) Regulations 2021, and come into force on the day after they are
made.