Mr Charles Peter Gervais Tracy (Date of Birth 23 October 1945) of Claverton House, La Route de Sausmarez, St Martin, Guernsey, GY4 6SG (2020-02-17)

Summary

This is a public notice from the Guernsey Financial Services Commission recording a prohibition order made against a named individual, Charles Peter Gervais Tracy. The order bars him from holding certain controlled functions across multiple regulated sectors in the Bailiwick of Guernsey for a defined period.

• Scope of prohibition: Mr Tracy is prohibited from acting as director, controller, partner or manager in relation to regulated activities carried on by or for entities licensed under five Bailiwick of Guernsey laws.
• Laws covered: The Regulation of Fiduciaries, Administration Business and Company Directors etc Law 2000; the Protection of Investors Law 1987; the Insurance Managers and Insurance Intermediaries Law 2002; the Insurance Business Law 2002; and the Banking Supervision Law 1994 (all as amended).
• Duration: The prohibition applies from 17 February 2020 until 17 August 2023.

The notice is informational, confirming that the named individual is barred from these specific controlled functions during the stated period; it does not itself impose new ongoing obligations on regulated firms beyond the existing requirement not to permit a prohibited person to perform such functions.

Key obligations

• Charles Peter Gervais Tracy must not perform the functions of director, controller, partner or manager in relation to regulated activity carried on by or for a licensed fiduciary, from 17 February 2020 until 17 August 2023.
• Charles Peter Gervais Tracy must not perform the functions of director, controller, partner or manager in relation to controlled investment business under the Protection of Investors Law, from 17 February 2020 until 17 August 2023.
• Charles Peter Gervais Tracy must not perform the functions of director, controller, partner or manager in relation to the business of an insurance manager or insurance intermediary, from 17 February 2020 until 17 August 2023.
• Charles Peter Gervais Tracy must not perform the functions of director, controller, partner or manager in relation to insurance business carried on by or for a licensed insurance business, from 17 February 2020 until 17 August 2023.
• Charles Peter Gervais Tracy must not perform the functions of director, controller, partner or manager in relation to deposit-taking business carried on by or for a licensed institution, from 17 February 2020 until 17 August 2023.

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

• 17 February 2020: Start date of the prohibition order against Charles Peter Gervais Tracy.
• 17 August 2023: End date of the prohibition order against Charles Peter Gervais Tracy.