Mr Keith Laurence Hammond (Date of Birth 5 November 1964) of 6 Clos Collette Nicolle, Green Lanes, St Peter Port, Guernsey, GY1 1RL (2021-05-14)

Summary

This is a Guernsey Financial Services Commission enforcement notice announcing prohibition orders against a named individual, Mr Keith Laurence Hammond, rather than a rule or guidance document. It records that the Commission found he failed to give full, frank and unambiguous information about the circumstances of his resignation from previous employment, both in an Online Personal Questionnaire and later correspondence, information the Commission considered material to assessing his fitness and propriety.

• Scope of prohibition: Mr Hammond is barred, from 14 May 2021 until 14 November 2024, from performing specified functions under five Guernsey laws.
• Investment business: Any function relating to controlled investment business under the Protection of Investors (Bailiwick of Guernsey) Law, 1987.
• Fiduciary services: 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 management/intermediation: 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: Any function on behalf of a licensee relating to insurance business under the Insurance Business (Bailiwick of Guernsey) Law, 2002.
• Banking: Any function on behalf of a licensee relating to deposit-taking business under the Banking Supervision (Bailiwick of Guernsey) Law, 1994.

The notice itself imposes no ongoing regulatory obligations on the wider industry; it is informational, alerting licensees and the public that this individual is prohibited from the listed functions for the stated period.

Applies to

banks and deposit-taking licensees, insurance managers and insurance intermediaries, insurance businesses, licensed fiduciaries, controlled investment business licensees

Deadlines

• 14 May 2021 to 14 November 2024: Period during which Mr Hammond is prohibited from performing the specified functions under the Protection of Investors Law, the Fiduciaries Law, the Insurance Managers and Insurance Intermediaries Law, the Insurance Business Law, and the Banking Supervision Law.