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Link Finance & Trust Limited ("LFTL") - 2 January 2004

Public Statement - Link Finance & Trust Limited ("LFTL")

This statement has been issued in order to warn investors and others against dealing with unauthorised financial services providers.

Link Finance & Trust Limited ("LFTL") ("the old web address") ("the new web address")

LFTL are not authorised to conduct financial services business within the meaning of the Laws stated below.

This statement updates a previous one issued on 26 November 2003 in respect of LFTL and advises the public that LFTL have, in addition to the old web address, posted a website at the new web address.

The Jersey Financial Services Commission ("the Commission") has issued this public statement under Article 22 of the Financial Services (Jersey) Law 1998, as amended ("the Financial Services Law") and Article 14A of the Collective Investment Funds (Jersey) Law 1988, as amended ("the Collective Investments Funds Law").

The Commission wishes it to be known that:

1. LFTL has never been registered, or applied for registration, under the Financial Services Law. Therefore any financial service business, as defined in Article 2 of the Financial Services Law and carried out since 1 July 1999, is a breach of Article 6 of the Financial Services Law.

2. LFTL has never held, or applied for, licenses under the Collective Investment Funds Law. Therefore any collective investment fund business, as defined in Article 2 and 3 of the Law, carried out since 1 June 1989 is a breach of Article 4 of the Collective Investment Funds Law.

3. The entity calling itself LFTL is not connected in any way to Link Insurance Services Limited, which is an authorised investment business in Jersey.

4. All regulated businesses are listed on the Commission's web site at

Any person who has had dealings with LFTL is requested to contact the Commission.

Gary Godel
Director Enforcement
Jersey Financial Services Commission

Nelson House,
David Place,
St. Helier,
JE4 8TP.

2 January 2004


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