Gateway Finance Limited (2016-08-30)

Summary

This is a public statement issued by the Jersey Financial Services Commission under Article 25(d) of the Financial Services (Jersey) Law 1998, warning investors and the public against dealing with Gateway Finance Limited, an entity that is not authorised to conduct financial service business in Jersey.

• Unauthorised status: Gateway Finance Limited has never been registered nor applied for registration under the FS(J)L, and any financial service business it has carried out since 1 July 1999 breaches Article 7 of the FS(J)L.
• False address: The entity falsely purports to trade from an address at 127 Lewis Street, St Helier, Jersey.
• Fraud warning: The Commission states that documentation held indicates Gateway Finance Limited and its website display warning signs of being set up for a fraudulent purpose.
• Public request: Anyone who has had dealings with Gateway Finance Limited is asked to contact the Commission's Enforcement Division.

This is an informational enforcement notice rather than a rule imposing ongoing compliance obligations on regulated firms; it serves to alert the public and industry that this entity is not licensed and may be fraudulent.

Key obligations

• Persons who have had dealings with Gateway Finance Limited are requested to contact the Commission's Enforcement Division.