Financial Services Ombudsman (Bailiwick of Guernsey) (Amendment) Ordinance, 2020

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The Financial Services Ombudsman

(Bailiwick of Guernsey) (Amendment) Ordinance, 2020

THE STATES, in pursuance of their Resolution of the 19^th August, 2020[a], and in exercise of the powers conferred on them by section 1(6)(b) and 27 of the Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014[b], and all other powers enabling them in that behalf, hereby order:-

Amendment to the Law.

1. (1) The Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014, is further amended as follows.

(2) In Schedule 1 to the Law -

(a) in paragraph 1(6) -

(i) delete the words "not less than 3 years (subject to paragraph 4) and", and

(ii) immediately after "5 years", insert "and, for the avoidance of doubt, the Committee may re-appoint an ordinary member if it thinks fit to do so", and

(b) in paragraph 2(3) -

(i) delete the words "not less than 3 years and", and

(ii) immediately after "ordinary member", insert "and, for the avoidance of doubt, the Committee may re-appoint a chairman if it thinks fit to do so".

Citation.

2. This Ordinance may be cited as the Financial Services Ombudsman (Bailiwick of Guernsey) (Amendment) Ordinance, 2020.

Commencement.

3. This Ordinance shall come into force on the 17^th December, 2020.

[a]	Article VI of Billet d'État No. XVI of 2020.
[b]	Order in Council No, I of 2015; as amended by Ordinance No. XVII of 2015, Nos. XXXV and IX of 2016, No. XXVII and XLIII of 2018, and No. XX of 2019.