P.2018/76 - Committee for Economic Development
The States are asked to decide: -
Whether, after consideration of the Policy Letter, entitled "Amendments to the Banking Deposit Compensation Scheme (Bailiwick of Guernsey) Ordinance, 2008", dated 30th August, 2018, of the Committee forEconomic Development, they are of the opinion to:-
1. Amend the Banking Deposit Compensation Scheme (Bailiwick of Guernsey) Ordinance, 2008 to confirm that members of the Guernsey Banking Deposit Compensation Board shall hold and vacate office in accordance with the terms and conditions of appointment which shall be defined by the Committee for Economic Development.
2. Amend the Banking Deposit Compensation Scheme (Bailiwick of Guernsey) Ordinance, 2008 to specify that a notice period, for members of the Guernsey Banking Deposit Compensation Board, can be stipulated in terms of appointment defined by the Committee forEconomic Development.
3. Direct the preparation of such legislation as may be necessary to give effect to the above decisions.
The Propositions have been submitted to Her Majesty's Procureur for advice on any legal or constitutional implications in accordance with Rule 4(1) of the Rules of Procedure of the States of Deliberation and their Committees.
