Committee for Economic Development - P.2020/130
The States are asked to decide: -
Whether, after consideration of the Policy Letter, entitled "Proposed Amendment to the Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014", dated 8th July 2020, of the Committee for Economic Development, they are of the opinion to:-
1. Amend paragraph 1(6) of Schedule 1 of the Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014 to (i) remove the reference to appointment for a minimum period, and (ii) insert a provision, for the avoidance of doubt, that a member is eligible for reappointment.
2. Direct the preparation of such legislation as may be necessary to give effect to the above decision.
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.