First European Asian Finance Corporation (2004-10-29)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning that First European Asian Finance Corporation (FEAF Corp), operating via www.feafcorp.com, is not authorised to conduct investment or deposit-taking business in Jersey. It was issued under Article 22 of the Financial Services (Jersey) Law 1998 and Article 45B of the Banking Business (Jersey) Law 1991.

• No registration: FEAF Corp has never registered or applied for registration under the Financial Services Law or the Banking Business Law.
• Breach findings: Any financial service business carried out by FEAF Corp since 1 July 1999 breaches Article 6 of the Financial Services Law; any deposit-taking business carried out since 1 October 1991 breaches Article 7 of the Banking Business Law.
• No Jersey link: The Commission found no genuine links between FEAF Corp and Jersey.
• Public request: Anyone who has dealt with FEAF Corp is asked to contact the Commission.

The statement is purely a warning notice to the public and does not create ongoing compliance obligations for regulated entities; it directs readers to check the Commission's list of regulated businesses on its website.