Global Trust Finance Group ("GTFG") (2004-07-23)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission (JFSC) about Global Trust Finance Group (GTFG), an entity operating the website www.gtfg.co.uk and associated 'Integris Group of Mutual Funds'. It is a consumer protection notice, not a rule imposing ongoing obligations on licensed firms.

• Unauthorised status: GTFG has never been registered or applied for registration under the Financial Services (Jersey) Law 1998, the Banking Business (Jersey) Law 1991, or the Collective Investment Funds (Jersey) Law 1988.
• Alleged breaches: Any financial service business conducted by GTFG since 1 July 1999, deposit taking business since 1 October 1991, or collective investment fund business since 1 June 1989 would breach the respective Jersey laws.
• False Jersey presence: The website falsely states that GTFG has a presence in Jersey.
• Public request: Anyone who has dealt with GTFG is asked to contact the Commission.

The statement is informational and does not create continuing compliance duties for regulated entities; it serves to alert the public and industry that GTFG is unauthorised and to encourage verification of firms against the Commission's register of regulated businesses.