News

On the 14 January 2010 The Financial Services Authority (FSA) reported the following news item. The FSA has banned Stephen Allen, a director of insurance broker, Fabien Risk Services Ltd, for failing in his duties as a director of a regulated firm. Allen’s ban means he is prohibited from holding any management role in the […]

The Jersey Financial Services Commission Newsletter (issue 16 / December 09) to the finance industry has been posted on their website. For more information read: http://www.jerseyfsc.org/pdf/JFSCNewsletter(16).pdf

FSMT decision – Chhabra and Patel v FSA The Financial Services and Markets Tribunal (FSMT) has upheld the FSA’s findings that Mr Robin Chhabra and Mr Sameer Patel committed market abuse by using inside information to carry out a series of profitable spread bets. Mr Chhabra started working for Evolution Beeson Gregory (Evolution), a firm […]

As part of the regular CPD Comsure updates the following FSA update may be worth looking at as we enter 2010. On the 25/9/09 the FSA updated their TCF pages to include examples of good and poor practice which financial advisers/ Mortgage brokers / General insurance intermediarys may find helpful in supporting their CPD Ethics […]

This public statement serves to highlight serious breaches of the Codes of Practice by Alternate, an entity formerly registered by the Commission under the Law to provide investment advice. To view full article, select the following link: http://www.jerseyfsc.org/the_commission/general_information/public_statements/AlternateInsurance-Full.asp

The JFSC has issued a Public Statement (Summary) regarding Alternate Insurance Services Limited. The Commission has issued this public statement in accordance with Articles 25(b), 25(c) and 25(d) of the Law – to view full statement, use the following link: http://www.jerseyfsc.org/the_commission/general_information/public_statements/AlternateInsurance-Summary.asp

The IOM Financial Supervision Commission has been notified that the Isle of Man Treasury has, on 23rd and 31st December 2009, published new and updated information regarding the above Sanctions regimes. To view the Department of the Treasury’s News Releases advising details of the updated Sanctions, use the following links: http://www.gov.im/treasury/customs/ViewNews.gov?menuid=&page=lib/news/treasury/customs/myanmar6.xml (23rd December 2009 – […]

Guidance Note from the JFSC on Annual declaration and audit report on that declaration. To view document, use the following link: http://www.jerseyfsc.org/pdf/GN_on_Account_Orders_annual_declaration-Dec_2009.pdf