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Economic Affairs - Approved Panel Minutes - 9 June 2016

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Economic Affairs Scrutiny Panel

Record of Meeting

9th June 2016

 

Present

Deputy S.M. Brée, Chairman

Deputy D. Johnson , Vice-Chairman Connétable J.E. Le Maistre Connétable M.J. Paddock (item 2 only)

Apologies

 

Absent

 

In attendance

Mr M. Orbell, Scrutiny Officer

 

Ref Back

Agenda matter

Action

Item 4 27.05.16

515/37

1.  Dormant Bank Accounts

The Panel met to discuss its position in advance of a detailed private discussion with the Assistant Chief Minister and his officers.

 

Item 4 27.05.16

515/37

2.  Dormant Bank Accounts (private briefing)

The  Panel  welcomed  the  Assistant  Minister  with  responsibility  for Financial  Services  (Senator  P.F.C.   Ozouf ),  the  Director,  Financial Services and the Director, Finance Industry Development for a detailed private briefing and discussion of issues surrounding P.25/2016 (Draft Dormant Bank Accounts (Jersey) Law 201-). The discussion highlighted a need for more information and assurances to be provided for States Members  within  the  draft  legislation.  The  Assistant  Chief  Minister offered  to  amend  the  proposition  to  provide  various  improvements. Following the meeting the Panel decided that provided the Assistant Chief Minister's draft amendment delivered the promised changes, the Panel would not lodge amendments of its own.

 

86

09.06.16