Mr Philip Anthony John Montague, (Date of Birth 22 May 1963) Old Cobo Farm House, Cobo Coast Road, Castel GY5 7HE (2017-06-14)

Summary

This is a public notice issued by the Guernsey Financial Services Commission announcing a prohibition order against Mr Philip Anthony John Montague. The order bars him from performing specified functions in relation to regulated activities across multiple sectors of Guernsey's financial services industry for a seven-year period.

• Fiduciary sector: Prohibited from any function relating 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 any function relating to controlled investment business carried on by an entity licensed under the Protection of Investors (Bailiwick of Guernsey) Law, 1987.
• Insurance management/intermediation: Prohibited from any function relating to the business of an insurance manager or insurance intermediary under the Insurance Managers and Insurance Intermediaries (Bailiwick of Guernsey) Law, 2002.
• Insurance business: Prohibited from any function relating to an insurance business carried on by or for a licensed insurer under the Insurance Business (Bailiwick of Guernsey) Law, 2002.
• Banking: Prohibited from any function relating to a deposit-taking business carried on by or for a licensed institution under the Banking Supervision (Bailiwick of Guernsey) Law, 1994.

All prohibitions run from 14 June 2017 until 14 June 2024. The notice is informational for the industry, identifying an individual who must not be engaged in the listed regulated functions during this period.

Key obligations

• Licensed fiduciaries, investment businesses, insurance managers, insurance intermediaries, insurers and banking institutions must not permit Mr Philip Anthony John Montague to perform any function in relation to their regulated activities from 14 June 2017 until 14 June 2024.

Applies to

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

Deadlines

• 14 June 2017 until 14 June 2024: Period during which the prohibition order against Mr Montague is in effect across all listed regulated functions.