Nova UK Ltd (2011-12-01)

Summary

This is a public statement issued by the Jersey Financial Services Commission warning that Nova UK Ltd ("Nova") is not authorised to conduct financial services business in Jersey. It was issued under Article 25(d) of the Financial Services (Jersey) Law 1998 to alert investors and the public after Nova was found to be offering investment advice to Jersey residents via unsolicited telephone calls.

• Unauthorised status: Nova has never registered, nor applied to register, under the Financial Services Law.
• Alleged breach: Any financial services business carried out by Nova since 1 July 1999 is stated to be in breach of Article 7 of the Financial Services Law.
• Public guidance: The Commission notes that all regulated businesses in Jersey are listed on its website, implying Nova is not among them.
• Call for information: Anyone who has had dealings with Nova is asked to contact the Commission.