The Jersey Financial Services Commission (the “Commission”) HAS issued a public statement under Article 25(a) of the Financial Services (Jersey) Law 1998, as amended (the “Law”) TO Mr Michael Keith Sun (“Mr Sun”) Of: 2 Le Clos De Noirmont, St Brelade, Jersey, JE3 8AP.

Following an investigation into the fitness and propriety of Mr Sun in his conduct whilst acting as the Managing Director of Centurion Management Services Limited, it appears to the Commission to be reasonable and necessary to issue Mr Sun with directions under Article 23 of the Law preventing him from engaging in any employment with any registered person as defined under the Law or performing any function or service which falls within the definition of “financial services business” under Article 2 of the Law without first having applied for and obtained the prior written approval of the Commission. Mr Sun has been issued with equivalent directions under each of the other regulatory laws.1

The directions shall remain in force until such time as Mr Sun satisfies the Commission that there are no longer any grounds justifying the directions, in which case the directions may be withdrawn or varied.

Mr Sun will commit an offence, under Article 23(15) of the Law, in the event that he obtains employment with a registered person without having obtained the Commission’s prior consent, or until such time that he successfully applies for a variation or withdrawal of the directions. Any person with information to indicate that such an offence has been committed is asked to contact the Commission.

Under Article 23(15A) of the Law, any person who allows Mr Sun to perform a function or service, engage in employment or hold a position knowing that such performance, engagement or holding is in contravention of the above mentioned direction shall be guilty of an offence.

http://www.jerseyfsc.org/the_commission/general_information/public_statements/MrMichaelKeithSun.asp