BBA Capita Asset Management (Jersey) Limited, Mr Robert Taylor-Barefoot, Mr Jeremy Wright and Mr Alex Ariana (2009-09-14)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission under Article 25(d) of the Financial Services (Jersey) Law 1998. It names BBA Capita Asset Management (Jersey) Limited and three individuals (Robert Taylor-Barefoot, also known as Robert Barefoot, Jeremy Wright, and Alex Ariana) as unauthorised entities carrying on or holding out that they carry on financial service business in or from Jersey.

• No authorisation: The company and the named individuals have never been registered or applied for registration under the Financial Services Law, including as Principal Persons or Key Persons.
• Unlawful activity: Any financial service business conducted by BBA Capita Asset Management (Jersey) Limited since 1 July 1999 is stated to be in breach of Article 7 of the Financial Services Law.
• False incorporation claim: The company purports to be incorporated in Jersey under the Companies (Jersey) Law 1991 but has never actually been incorporated there.
• Fraud warning signs: Documentation held by the Commission indicates the entity displays warning signs of having been set up for a fraudulent purpose.
• No connection to Capita Group: The entity is not connected to Capita Group Plc or its Jersey-authorised affiliates, despite the similarity in name.
• Prior statement: The Commission had previously issued a public statement about the same individuals (and others) on 14 January 2009.

The notice is purely a public warning intended to alert investors and the public; it does not impose ongoing compliance obligations on regulated entities. The Commission asks anyone who has dealt with the named company or individuals to contact it directly.