Channel Island Business Brokers (2021-05-24)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission (JFSC) alerting the public that Channel Island Business Brokers is not authorised or registered to carry on financial services or specified Schedule 2 business (accountancy and legal services) in Jersey, despite falsely claiming to do so.

• False claims: Channel Island Business Brokers is falsely purporting to carry on investment business and specified Schedule 2 business (accountancy and legal services) in Jersey.
• False address: The entity is falsely claiming to operate from The Hub, Forum 4, Grenville Street, St. Helier, Jersey JE2 4UF.
• No registration: The entity has never been registered, nor applied for registration, under the Financial Services (Jersey) Law or the Supervisory Bodies Law.
• Legal breach: Any financial services business it conducts breaches Article 7(1) of the FS(J)L, and any specified Schedule 2 business breaches Article 10 of the Supervisory Bodies Law.

The JFSC asks anyone who has received financial services from Channel Island Business Brokers to contact the Commission, and reminds the public that all regulated businesses in Jersey are listed on its website. This is a warning notice rather than a rule change and creates no continuing regulatory obligations for licensed firms.

Key obligations

• Any person who has received financial services from Channel Island Business Brokers is requested to contact the JFSC.

Applies to

unauthorised financial service providers, specified Schedule 2 business providers (accountancy and legal services)