Mr Christopher Henry Shaw (Date of Birth 5 October 1953) of Ferter Farmhouse, Glentrool Forest, South Ayrshire KA26 0SR (2021-03-31)

Summary

This is a public notice from the Guernsey Financial Services Commission (GFSC) recording a prohibition order made against Mr Christopher Henry Shaw. It bars him from holding a range of key functions in relation to regulated financial services business in the Bailiwick of Guernsey for a ten year period.

• Prohibited functions: Shareholder, controller, director, partner, manager, money laundering reporting officer and money laundering compliance officer
• Sectors covered: Controlled investment business, regulated fiduciary activity, insurance management and intermediary business, insurance business, and deposit-taking (banking) business
• Legal basis: Made under the Protection of Investors Law 1987, the Regulation of Fiduciaries etc Law 2000, the Insurance Managers and Insurance Intermediaries Law 2002, the Insurance Business Law 2002, and the Banking Supervision Law 1994 (all as amended)
• Duration: Effective from 31 March 2021 until 31 March 2031

Licensed entities in these sectors must ensure Mr Shaw does not perform any of the listed functions in relation to their business during the prohibition period. The notice is informational and enforcement-related rather than a rule of general application, but it creates a binding restriction on this individual and a corresponding compliance check point for licensees who may deal with him.

Key obligations

• Licensed entities carrying on controlled investment business, fiduciary business, insurance management/intermediary business, insurance business, or deposit-taking business must not allow Mr Christopher Henry Shaw to act as shareholder, controller, director, partner, manager, money laundering reporting officer or money laundering compliance officer in relation to that business between 31 March 2021 and 31 March 2031.

Applies to

licensed entities carrying on controlled investment business, licensed fiduciaries, insurance managers, insurance intermediaries, licensed insurance businesses, licensed banking institutions (deposit-taking businesses)

Deadlines

• 31 March 2021 to 31 March 2031: Period during which Mr Christopher Henry Shaw is prohibited from performing the specified functions across investment, fiduciary, insurance and banking sectors