Withdrawal of Directions, Mr Russell Shelton Homer (Mr Homer) (2022-10-13)

Summary

This is a public statement issued by the Jersey Financial Services Commission (JFSC) announcing that it has withdrawn, in full, the directions previously issued against Mr Russell Shelton Homer under Article 23 of the Financial Services (Jersey) Law 1998 and equivalent provisions of other regulatory laws.

• Background: On 23 April 2009, following a JFSC investigation, Mr Homer was issued directions restricting his employment in Jersey's financial services industry, with an associated public statement issued on 20 July 2010.
• Application: Mr Homer applied to the JFSC under Article 23(6) of the FS(J)L to have the directions withdrawn or varied, submitting supporting information and documentation.
• Outcome: On 21 September 2022, the JFSC exercised its statutory power under Article 23(4) of the FS(J)L to withdraw the directions in full.

The notice is purely informational: it records the withdrawal of a specific enforcement action against a named individual and does not impose any new ongoing requirements on regulated entities or the wider industry.