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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.

 




[1]                                     chapter 13.255

[2]                                     chapter 13.255


Page Last Updated: 19 Jan 2021