Regent Street Finance (2018-04-16)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) under Article 25(d) of the Financial Services (Jersey) Law 1998, warning the public about an unauthorised entity trading as Regent Street Finance (RSF) via the website regentstreetfinance.co.uk. The statement clarifies that RSF is not licensed and has no connection to the genuine, now-dissolved Jersey company of a similar name.

• No authorisation: RSF has never registered or applied for registration under the FS(J)L, so any financial service business it has conducted in or from Jersey since 1 July 1999 breaches Article 7 of the FS(J)L.
• False affiliation: RSF falsely claims connection to Regent Street Finance Limited, a genuine Jersey company registered 12 February 2007 and dissolved 20 December 2017, and falsely purports to trade from an address in St Helier.
• Fraud warning: Documentation held by the JFSC suggests RSF, its website and email address show warning signs of being set up for a fraudulent purpose.
• Call for information: Anyone who has had dealings with RSF is asked to contact the JFSC.

This is a purely informational warning notice rather than a rule imposing ongoing compliance duties on licensed entities; it is aimed at protecting investors and the public from an unauthorised and potentially fraudulent operator.

Key obligations

• Any person who has had dealings with RSF is requested to contact the JFSC.