CWM Cells (2015-03-26)

Summary

This is a public warning notice issued by the Guernsey Financial Services Commission (GFSC) alerting the public that certain named entities being marketed online as cells of an authorised Guernsey fund are not in fact approved by the Commission.

• Entity cited: The Global Mutual Fund PCC Limited, a fund authorised in Guernsey.
• Unapproved names cited on a website as cells: CWM Capital Fund, CWM Balanced, CWM Equity Fund, CWM Prime Fund, and CWM Property Fund.
• Commission's position: None of the listed CWM entities are cells approved by the GFSC, despite being presented as such.

The notice is informational and does not impose ongoing compliance requirements; it serves to warn the public and potential investors against relying on the unauthorised cell claims.

Applies to

mutual funds, protected cell companies, investors and members of the public