Corinthian Holdings Limited (formerly Corinthian Financial Services Limited) (2012-10-19)

Summary

This is a public statement issued by the Jersey Financial Services Commission under Article 25 of the Financial Services (Jersey) Law 1998 concerning Corinthian Holdings Limited, formerly Corinthian Financial Services Limited. It records the outcome of a completed enforcement investigation and is purely informational, disclosing that the firm's investment business authorisation has already been revoked.

• Background: Corinthian was authorised to conduct Investment Business under the Law; the Commission investigated concerns over its compliance with applicable laws and the Codes of Practice for Investment Business.
• Cooperation: Corinthian cooperated with the Commission throughout the investigation.
• Finding: The Commission concluded that matters identified during the investigation meant Corinthian was not fit and proper to remain registered to conduct Investment Business.
• Outcome: Corinthian ceased providing investment business services, submitted a cessation of business plan resulting in an orderly wind up and transfer of customers, and its authorisation to conduct Investment Business was subsequently revoked.

The statement does not impose any new ongoing obligations on other firms; it serves as a public record of enforcement action already concluded against this specific entity.

Applies to

investment business licensees, entities authorised to conduct Investment Business under the Financial Services (Jersey) Law 1998