North Credit Trust (2019-08-14)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(d) of the Financial Services (Jersey) Law 1998, alerting investors and the public that North Credit Trust (operating via www.northcredittrust.com) is not registered to conduct financial services business in Jersey.

• Unregistered status: North Credit has never been registered, nor applied for registration, under the FS(J)L, and any financial services business it conducts is in breach of Article 7 of the FS(J)L.
• Fraud warning: The JFSC states that information reviewed suggests North Credit and its website display warning signs of being set up for a fraudulent purpose.
• Public register reminder: All regulated businesses in Jersey are listed on the JFSC website, implying North Credit's absence from that list.
• Call for information: Anyone who has had dealings with North Credit is asked to contact the JFSC, specifically the Director of Enforcement.

This is an informational enforcement-related notice rather than a rule imposing ongoing compliance duties on regulated entities; it functions as a public warning about an unauthorised and potentially fraudulent operator.