Trix Finance & Trust Co. (2006-03-16)

Summary

This is a public statement issued by the Jersey Financial Services Commission on 16 March 2006 warning the public against dealing with Trix Finance & Trust Co. (trading via www.trixfinance.com), an entity that has never been registered or applied for registration under the Financial Services (Jersey) Law 1998.

• Unauthorised status: Trix has never been registered, or applied for registration, under the Financial Services Law.
• Breach finding: Any financial service business conducted by Trix since 1 July 1999, as defined in Article 2 of the Financial Services Law, constitutes a breach of Article 7 of that Law.
• Public register reminder: The Commission notes that all properly regulated businesses are listed on its website, www.jerseyfsc.org.
• Call for information: Anyone who has had dealings with Trix is asked to contact the Commission.

The statement is a warning notice rather than a rule imposing ongoing compliance duties on regulated firms; it is issued under the Commission's public statement power in Article 25 of the Financial Services (Jersey) Law 1998.