Mr Alan Michael Chick (Date of Birth 4 June 1954) of The Glen, Talbot Valley, Castel, Guernsey, GY5 7AQ (2018-05-31)

Summary

This is a public prohibition notice issued by the GFSC against an individual, Mr Alan Michael Chick, barring him from holding key roles in regulated financial services businesses in the Bailiwick of Guernsey for a five year period.

• Prohibition period: From 31 May 2018 until 31 May 2023, Mr Chick is prohibited from acting as a director, controller, partner or manager in relation to regulated activities.
• Fiduciary services: Prohibited from these functions in relation to a regulated activity carried on by or for a licensed fiduciary under the Regulation of Fiduciaries, Administration Business and Company Directors etc Law, 2000.
• Investment business: Prohibited from these functions in relation to controlled investment business carried on by an entity licensed under the Protection of Investors Law, 1987.
• Insurance intermediaries and managers: Prohibited from these functions in relation to the business of an insurance manager or insurance intermediary under the Insurance Managers and Insurance Intermediaries Law, 2002.
• Insurance business: Prohibited from these functions in relation to an insurance business carried on by or for a licensed insurance business under the Insurance Business Law, 2002.
• Banking: Prohibited from these functions in relation to a deposit-taking business carried on by or for a licensed institution under the Banking Supervision Law, 1994.

The notice is informational: it records a regulatory enforcement action against a named individual rather than imposing new ongoing compliance requirements on the wider industry, though licensed entities should ensure this individual does not hold any of the listed roles for them during the prohibition period.

Applies to

licensed fiduciaries, entities licensed under the Protection of Investors Law, insurance managers, insurance intermediaries, licensed insurance businesses, licensed deposit-taking institutions (banks)

Deadlines

• 31 May 2018 until 31 May 2023: Period during which Mr Alan Michael Chick is prohibited from acting as a director, controller, partner or manager in relation to regulated activities across fiduciary, investment, insurance and banking sectors.