This content has been automatically generated from the original PDF and some formatting may have been lost. Let us know if you find any major problems.
Text in this format is not official and should not be relied upon to extract citations or propose amendments. Please see the PDF for the official version of the document.
STATES OF JERSEY
JERSEY FINANCIAL SERVICES COMMISSION: RE-APPOINTMENT OF COMMISSIONER
Lodged au Greffe on 20th December 2011 by the Minister for Economic Development
STATES GREFFE
2011 Price code: A P.193
PROPOSITION
THE STATES are asked to decide whether they are of opinion
to appoint, in pursuance of Article 3 of the Financial Services Commission (Jersey) Law 1998, Mr. John Clark Averty as a Commissioner of the Jersey Financial Services Commission, with effect from 20th January 2012 for a further period of 4 years.
MINISTER FOR ECONOMIC DEVELOPMENT
Page - 2
REPORT
The appointment of Commissioners to the Jersey Financial Services Commission ("the Commission") is dealt with in Articles 3 and 4 of the Financial Services Commission (Jersey) Law 1998 ("the Commission Law").
Article 3(1) and (2) reads as follows –
"3 Appointment of Commissioners
- The Commission shall consist of –
- a Chairman; and
- not less than 6 other Commissioners.
- The States shall appoint –
- the Commissioners from persons nominated by the Minister; and
- a Commissioner nominated by the Minister to be Chairman of the Commission,
and the appointments shall be debated in camera."
Pursuant to Article 4(2) of the Commission Law, the term of appointment of a Commissioner is prescribed by Schedule 1, Part 2, paragraph 1(2) of which reads as follows –
"(2) A Commissioner shall be appointed by instrument in writing for a period
not exceeding 5 years and upon expiry of such period shall be eligible for reappointment."
The Minister for Economic Development wishes to nominate the following person for re-appointment by the States:
Mr. John Clark Averty
Mr. Averty is Chairman and Chief Executive of the Guiton Group Limited, a Jersey registered company, and is Chairman of a number of Guiton subsidiary companies, including: Jersey Evening Post Limited; Guernsey Press Limited; and Itex Holdings Limited.
He is also a Non-Executive Director of Fairbairn Private Bank Limited.
Mr. Averty was formerly a Member of the States of Jersey – a Deputy from 1969 to 1972; and a Senator from 1972 to 1984; and served as President or Vice-President on the following Committees: Housing Committee; Public Works Committee, Establishment Committee, Broadcasting Committee and Finance and Economics Committee.
Mr. Averty is resident in Jersey and has served 2 terms as a Commissioner.
The Jersey Appointments Commission has confirmed that this re-appointment meets its eligibility criteria for re-appointments.
Page - 3
P.193/2011
Current Commissioners
Other Commissioners have been appointed until the following dates –
16th June 2012
28th February 2013 22nd October 2013 29th November 2013 22nd October 2014
21st April 2015
31st May 2015
13th September 2015
Sir Nigel Wicks
Mr. John Harris
Mr. Clive Jones (Chairman) Advocate Debbie Prosser
Mr. John Mills, M.B.E.
Mr. Philip Taylor , F.C.A.
Lord Eatwell of Stratton St. Margaret Advocate Cyril Whelan
Mr. Marcus Ruetimann
Financial and manpower implications
There are no financial or manpower implications for the States arising from this proposition.
Page - 4
P.193/2011