Mr Paul Michael Everitt (Date of Birth 21 March 1968) of Barrowgate, La Route des Cornus, St Martin, Guernsey, GY4 6PS (2021-03-29)

Summary

This is a public enforcement notice issued by the Guernsey Financial Services Commission (GFSC) announcing that a prohibition order has been made against Mr Paul Michael Everitt, an individual resident in St Martin, Guernsey. The order, effective from 4 March 2021, bars him from performing specified functions across multiple regulated sectors under Guernsey's financial services laws.

• 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/intermediation: 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, as amended.
• Insurance business: Prohibited from any function on behalf of a licensee relating to 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 deposit-taking business under the Banking Supervision (Bailiwick of Guernsey) Law, 1994, as amended.

This notice is purely informational, publicising a regulatory prohibition already made against a named individual; it does not itself create ongoing compliance obligations for licensees, though firms should ensure this individual is not engaged in any prohibited function.

Applies to

licensed fiduciaries, insurance managers, insurance intermediaries, insurance licensees, banking licensees (deposit-takers), controlled investment business persons

Deadlines

• 4 March 2021: Date from which the prohibition order takes effect against Mr Paul Michael Everitt