Mr Jose Eduardo Paula de Lima Araujo (Date of Birth 22 October 1970) of Av. Carlos Queiroz Telles, 81, Colina 21, Jardim Fonte do Morumbi, Sao Paulo SP, 05704-150, Brazil (2021-03-25)

Summary

This is a GFSC prohibition notice, not a general rule. It records that Mr Jose Eduardo Paula de Lima Araujo has been prohibited, with effect from 4 March 2021, from performing specified functions in the Bailiwick of Guernsey's regulated sectors under five separate Guernsey laws.

• Investment business: Prohibited from any function relating to controlled investment business under the Protection of Investors (Bailiwick of Guernsey) Law, 1987.
• Fiduciary business: Prohibited from any function relating to a regulated activity carried on by a licensed fiduciary under the Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000.
• Insurance manager/intermediary: Prohibited from any function on behalf of a licensee relating to insurance manager or insurance intermediary business under the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002.
• Insurance business: Prohibited from any function on behalf of a licensee relating to insurance business under the Insurance Business (Bailiwick of Guernsey) Law, 2002.
• Banking/deposit-taking: Prohibited from any function on behalf of a licensee relating to deposit-taking business under the Banking Supervision (Bailiwick of Guernsey) Law, 1994.

The notice is informational: it names the individual subject to the prohibition orders and lists the functions and sectors covered. It does not create ongoing compliance obligations for regulated firms beyond the general expectation that they should not engage this individual in any of the listed prohibited functions.

Applies to

banks (deposit-taking businesses), licensed fiduciaries, insurance managers, insurance intermediaries, insurers (insurance business licensees), investment businesses (controlled investment business)

Deadlines

• 4 March 2021: Date from which the prohibition order takes effect across all listed functions and laws.