Financial Services Ombudsman (Case-Fee and Levy) (Amendment) (Jersey) Regulations 2016

Made                                                                   16th November 2016

Coming into force                                                30th November 2016

THE STATES, in pursuance of Articles 6 and 26 of, and paragraph 4 of Schedule 2 to, the Financial Services Ombudsman (Jersey) Law 2014[1], have made the following Regulations –

1        Amendment of Regulation 6 of Financial Services Ombudsman (Case-Fee and Levy) (Jersey) Regulations 2015

In Regulation 6(7) of the Financial Services Ombudsman (Case-Fee and Levy) (Jersey) Regulations 2015[2] for the words “financial year after 2016” there are substituted the words “financial year after 2018”.

2        Amendment of Regulation 8 of Financial Services Ombudsman (Case-Fee and Levy) (Jersey) Regulations 2015

At the end of Regulation 8 of the Financial Services Ombudsman (Case-Fee and Levy) (Jersey) Regulations 2015[3] there is added the following paragraph –

“(8)    Without prejudice to the generality of paragraph (3)(b) and of Regulation 4(1)(c), the levy scheme may make provision for service of a levy notice on a person, or at an address, to be treated as service on a financial service provider –

(a)     if that financial service provider has nominated that person or that address for that purpose;

(b)     if that person or address is otherwise authorized, in a manner that appears appropriate to the OFSO and is specified in the levy scheme, for the acceptance of service of notices; or

(c)     in such circumstances, specified in the levy scheme, as otherwise appear reasonable to the OFSO.”.

3        Amendment of Financial Services Ombudsman (Jersey) Law 2014

In paragraph 2(7) of Schedule 2 to the Financial Services Ombudsman (Jersey) Law 2014[4] –

(a)     for the words “financial years 2014, 2015 and 2016,” there are substituted the words “financial years 2014, 2015, 2016, 2017 and 2018,”;

(b)     for the words “terms under any law of Guernsey that establishes an Ombudsman scheme in relation to financial services” there are substituted the words “terms in any enactment in or under the Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014 of the Bailiwick of Guernsey, as amended from time to time during those financial years”.

4        Citation and commencement

These Regulations may be cited as the Financial Services Ombudsman (Case-Fee and Levy) (Amendment) (Jersey) Regulations 2016 and come into force 14 days after they are made.

l.-m. hart

Deputy Greffier of the States

 


 



[1]                                    chapter 13.255

[2]                                    chapter 13.255.20

[3]                                    chapter 13.255.20

[4]                                    chapter 13.255


Page Last Updated: 07 Dec 2016