Mr Aidan Piers Barrington-Ward (R) (2010-03-11)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(a) of the Financial Services (Jersey) Law 1998 concerning Mr Aidan Piers Barrington-Ward, a former Compliance Manager. It discloses that the Commission has given him a direction under Article 23 of the Law restricting his future employment in the finance industry, following an investigation that found he had submitted forged professional qualification certificates to a regulated trust company.

• Basis for action: Investigation found Mr Barrington-Ward produced a forged Certified Public Accountant certificate and a forged MBA certificate to a regulated trust company.
• Effect of direction: His future employment within the finance industry is restricted; equivalent directions have also been issued under the other regulatory laws (funds, insurance, banking).
• Duration: The directions remain in force until the Commission is satisfied there are no longer grounds for them, at which point they may be withdrawn or varied.
• Offences: Mr Barrington-Ward commits an offence under Article 23(15) if he contravenes the direction; any person or registered entity that knowingly allows him to perform a function, take employment, or hold a position in relation to a registered person in contravention of the direction also commits a criminal offence.

The statement is primarily informational and reputational in nature, but it creates ongoing compliance obligations for registered persons who might otherwise engage or employ Mr Barrington-Ward, and invites anyone with information about a breach to contact the Commission.

Key obligations

• Registered persons and other entities must not knowingly allow Mr Barrington-Ward to perform a function, engage in employment, or hold any position in relation to a registered person in contravention of the direction, as doing so is a criminal offence.
• Mr Barrington-Ward must comply with the Article 23 direction; contravening it is an offence under Article 23(15) of the Law (and equivalent provisions under the other regulatory laws).
• Any person with information indicating that an offence under the direction has been committed should contact the Commission.

Applies to

registered persons, regulated trust companies, finance industry employers