UNLICENCED COMPANY - RENFREW CAPITAL MANAGEMENT (2022-07-06)

Summary

This is a public warning notice issued by the Bermuda Monetary Authority (BMA) alerting the public that Renfrew Capital Management is not licensed by the Authority and appears to be operating a website offering investment services from Bermuda and Ireland without authorisation.

• Unlicensed entity: Renfrew Capital Management has not been issued any licence by the BMA, which would be required to legitimately offer the investment services described on its website.
• Cloned content: The BMA found that content on Renfrew's webpages was copied directly from regulated financial service providers, a sign the website is not legitimate.
• Related Irish warning: On 28 June 2022 the Central Bank of Ireland issued its own public warning about Renfrew Capital Management and a now defunct cloned website.
• Legal reminder: The Authority reminds the public that conducting investment business without a licence is an offence under section 12 of the Investment Business Act 2003.

The notice is informational and warns that anyone dealing with this entity does so at their own risk; it does not create ongoing obligations for regulated entities but serves as a caution to the public and industry.

Applies to

members of the public considering investment services, unlicensed entities purporting to conduct investment business