Economic Affairs - Approved Panel Minutes - 12 February 2014

Present

Deputy S.G. Luce , Chairman

Connétable M.J. Paddock - Vice-Chairman Connétable S.W. Pallett

Connétable J.E. Le Maistre

Apologies

In attendance

Mr. A. Le Brun, Director, Office of the Director General, Jersey Financial Services Commission

Ms. C. Fox, Law Officers Department

Advocate. G. Pearmain, Finance Industry Development

Mr. T. Oldham , Scrutiny Officer Mrs E. Turner, Scrutiny Officer

Ref Back

Agenda matter

Action

1.  Record of Meeting

The record of the Panel's meeting held on 12th February 2014 was approved.

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2. Digital Skills

The  Sub-panel  Chairman  updated  the  Panel about recent  Review work, notably with regard to a recent meeting he attended with the Director of Education and the Assistant Minister for Education, Sport and Culture to discuss issues regarding the Sub-panel's engagement with  schools.  The  Chairman  had  also  attended  the  Inspire  Day Seminar, an e-learning event provided by the Education, Sport and Culture  Department  to  assist  relevant  teaching  staff  in  the development of their school IT Business Plans. The Sub-panel would meet later that day to discuss the aforementioned matters, to consider undertaking site visits to a number of schools and to identify witnesses to be invited to attend concluding Public Hearings.

SP

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3.  Draft  Proceeds  for  Crime  and  Terrorism  (Miscellaneous Provisions) (Jersey) Law 201

The  Panel  welcomed  representatives  from  Finance  Industry Development, Jersey Financial Services Commission and the Law Office's  Department.   Collectively  the  representatives  briefed  the Panel in relation to the draft legislation. Adoption of the Law was intended to simplify current related processes and to enable Jersey to meet recommendations advised by regulatory bodies charged with assessing Jersey's Finance Industry.

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4. Jersey Innovation Fund

The  Panel  noted  recent  press  reports  regarding  the  level  of applications received by the Fund. The Panel agreed to discuss the

progress being made by the Fund with the Minister for Economic Development at the forthcoming Quarterly Public Hearing.

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5. Work Programme

The Panel noted updated work streams received from the Economic Development Department and Finance Industry Development, Chief Minister's Department.

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6. Retail Policy Review

The Panel noted that a number of submissions to its Review had been received since the extension of the original deadline, and agreed a schedule of witnesses to be invited to attend Public Hearings in the coming weeks. It was noted that an invitation had been received to undertake  a  site  visit  to  Jersey  Post,  and  the  Panel  agreed  that arrangements should be progressed.

The Panel was informed by the Chairman about a recent workshop organised by the Economic Development Department for the retail sector which he had attended. Information relating to the content and outcome of the seminar was received by the Panel, along with further background information and the aforementioned submissions.

TO

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7. Financial Services Ombudsman

The Panel noted that the draft report from its Adviser on the Primary Legislation was due by Monday 17th February. It also noted that it awaited  receipt  of  a  number  of  documents  requested  from  the Economic  Development  Department  as  part  of  its  background research for its work on both the Primary and Subordinate legislation. The Panel re-confirmed that it would aim to complete its work on the Primary Law ahead of States debate on 18th March, despite the short timeframe being requested of it by the Department. On that basis the Panel agreed to seek an appropriate date for a Public Hearing with the Minister for Economic Development.

TO/ET

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8. Draft Aquatic Resources (Jersey) Law 201-

The  Panel  noted  the  presentation  of  P.114/2013  Draft  Aquatic Resources (Jersey) Law 201- Comments.

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9. Quarterly Public Hearing

The Panel considered arrangements for the Quarterly Public Hearing on 13th March, 2014 with the Minister for Economic Development, and confirmed the following topic areas:

• Ports of Jersey Incorporation
• Aircraft Registry
• Jersey Innovation Fund
• Event Funding
• Tourism Shadow Board
• Sea Routes/Condor

In preparation for the Hearing, the Panel discussed and finalised its question plan.

10. Future meetings

The  Panel  noted  that  following  its  Quarterly  Public  Hearing  and

potential  Retail  Review  Public  Hearings,  its  next  meeting  was scheduled for 9.30am in the Blampied Room, States Building, on 26th February 2014.