Deposit Compensation Scheme Amendments

Committee for Economic Development - P.2024/50

The States are asked to decide:-

Whether, after consideration of the Policy Letter entitled "Deposit Compensation Scheme Amendments", dated 14 th May, 2024, they are of the opinion:-

1. To approve the recommended amendments to the Deposit Compensation (Bailiwick of Guernsey) Ordinance, 2008, as set out in section 3 of the policy letter.

2. To direct the preparation of such legislation as may be necessary to give effect to the above decision.

The above Propositions have been submitted to His 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.