Mr Kevin Paul Gilligan (Date of Birth 4 January 1979) of The Mooring, Kings Road, St Peter Port, Guernsey, GY1 1QE (2020-02-17)

Summary

This is a public enforcement notice from the Guernsey Financial Services Commission recording a prohibition order made against Mr Kevin Paul Gilligan. It bars him from holding certain senior functions across multiple regulated sectors in the Bailiwick of Guernsey for a defined period.

• Fiduciary sector: Prohibited from acting as director, controller, partner or manager in relation to a regulated activity carried on by or for a licensed fiduciary, under the Regulation of Fiduciaries, Administration Business and Company Directors, etc (Bailiwick of Guernsey) Law, 2000.
• Investment business: Prohibited from the same functions in relation to controlled investment business carried on by an entity licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 1987.
• Insurance managers and intermediaries: Prohibited from the same functions in relation to the business of a licensed insurance manager or insurance intermediary, under the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002.
• Insurance business: Prohibited from the same functions in relation to an insurance business carried on by or for a licensed insurer, under the Insurance Business (Bailiwick of Guernsey) Law, 2002.
• Banking: Prohibited from the same functions in relation to a deposit-taking business carried on by or for a licensed institution, under the Banking Supervision (Bailiwick of Guernsey) Law, 1994.

The prohibition applies to Mr Gilligan personally and runs from 17 February 2020 until 17 April 2026. Licensed entities in these sectors should be aware that he may not lawfully perform the specified director, controller, partner or manager functions in relation to their regulated activities during this period.

Key obligations

• Mr Kevin Paul Gilligan is prohibited from performing the functions of director, controller, partner or manager in relation to regulated fiduciary activity, controlled investment business, insurance manager/intermediary business, insurance business, or deposit-taking business from 17 February 2020 until 17 April 2026.
• Licensed fiduciaries, investment businesses, insurance managers/intermediaries, insurers and banking institutions must not permit Mr Gilligan to hold or exercise these prohibited functions during the prohibition period.

Applies to

licensed fiduciaries, entities licensed under the Protection of Investors Law (controlled investment business), insurance managers, insurance intermediaries, licensed insurance businesses, licensed deposit-taking institutions (banks)

Deadlines

• 17 February 2020 until 17 April 2026: Period during which the prohibition order against Mr Kevin Paul Gilligan is in effect, barring him from director, controller, partner and manager functions across the specified regulated sectors.