Trust Meridien (2003-06-04)

Summary

This is a public warning statement issued by the Jersey Financial Services Commission alerting investors and the public that Trust Meridien is not authorised to carry on financial service business or deposit-taking business in Jersey. It was prompted by a website (www.trustmeridien.com) that implied Trust Meridien was regulated in Jersey.

• No financial services registration: Trust Meridien has never been registered or applied for registration under the Financial Services (Jersey) Law 1998; any financial service business it has carried out since 1 July 1999 is a breach of Article 6 of that Law.
• No banking registration: Trust Meridien has never been registered or applied for registration under the Banking Business (Jersey) Law 1991; any deposit-taking business it has carried out since 1 October 1991 is a breach of Article 7 of that Law.
• Public verification: The Commission notes that all regulated businesses are listed on its website, and it invites anyone who has dealt with Trust Meridien to contact the Commission.

The statement is purely a warning and enforcement notice; it does not create ongoing compliance obligations for regulated entities, but serves to inform the public and industry that Trust Meridien is an unauthorised entity.

Applies to

unauthorised financial services providers, members of the public, persons who have dealt with Trust Meridien