Mr Jose Manuel Ordoñez (Date of Birth 7 March 1971) of 3050, SW 139 Terrace, Davie, Florida, 3330, USA (2021-03-25)

Summary

This is a public notice from the Guernsey Financial Services Commission (GFSC) recording that a prohibition order has been made against Mr Jose Manuel Ordoñez, an individual based in Davie, Florida, USA. The order, effective from 4 March 2021, bars him from performing specified functions across multiple regulated sectors in the Bailiwick of Guernsey.

• Investment business: Prohibited from any function relating to controlled investment business under the Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended.
• Fiduciary services: 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, as amended.
• Insurance management and intermediation: Prohibited from any function on behalf of a licensee relating to the business of an insurance manager or insurance intermediary under the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002, as amended.
• Insurance business: Prohibited from any function on behalf of a licensee relating to an insurance business under the Insurance Business (Bailiwick of Guernsey) Law, 2002, as amended.
• Banking: Prohibited from any function on behalf of a licensee relating to a deposit-taking business under the Banking Supervision (Bailiwick of Guernsey) Law, 1994, as amended.

The notice is informational, published to alert the industry and public that this individual is barred from working in these regulated capacities in Guernsey; it does not itself create ongoing compliance obligations for licensees beyond the general expectation not to employ or engage a prohibited individual in the relevant functions.

Applies to

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

Deadlines

• 4 March 2021: Effective date from which the prohibition order against Mr Jose Manuel Ordoñez applies across the listed regulated functions.