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WRITTEN QUESTION TO THE CHIEF MINISTER BY DEPUTY R.G. LE HÉRISSIER OF ST. SAVIOUR
ANSWER TO BE TABLED ON TUESDAY 26th FEBRUARY 2008
Question
Would the Chief Minister outline the progress to date, if any, with reviewing and implementing the proposals contained in the Jersey Law Commission Consultation Paper 7(B) entitled The Jersey Law of Charities'?
Answer
The process by which the Jersey Law Commission ("JLC") makes recommendations for legislative reform is that the JLC first issues a consultation paper. After responses to the consultation paper have been received, the JLC conducts further research and does additional work as necessary before producing a topic report, which contains the JLC's considered recommendations on the basis of the responses to the consultation.
The JLC has not as yet produced a topic report on the Jersey Law of Charities. Once this report is produced we will review the proposals contained in it.
However, the Island's AML/CFT Strategy Group has considered the JLC Consultation Paper 7(B). This was on 8 January 2007 with specific regard to the need to comply with Special Recommendation VIII ("SR VIII") of the Financial Action Task-Force. The Strategy Group noted that the JLC's proposed timeframe for addressing issues raised by SR VIII was inadequate to ensure compliance with this standard before the IMF assessment in October 2008. It is well known that obtaining a positive rating by the IMF is critical to sustaining Jersey's finance industry.
Accordingly, the Strategy Group put forward an approach contained in their Consultation Paper No 1 of 2008, Registration and Monitoring of Non-Profit Organisations' which deals specifically with compliance with SR VIII.