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2009

BBA Capita Asset Management (Jersey) Limited, Mr Robert Taylor-Barefoot, Mr Jeremy Wright and Mr Alex Ariana - 14 September 2009

Public Statement - BBA Capita Asset Management (Jersey) Limited

The Commission has issued this public statement under Article 25(d) of the Financial Services (Jersey) Law 1998, as amended (the “Financial Services Law”).

This statement is made in order to warn investors and others against dealing with unauthorised financial services providers.  The persons named below have not received authorisation to conduct financial service business within the meaning of the Financial Services Law.

BBA Capita Asset Management (Jersey) Limited
Mr Robert Taylor-Barefoot (also known as Mr Robert Barefoot), born 20 August 1975
Mr Jeremy Wright, born 17 April 1970
Mr Alex Ariana 

It appears to the Commission that BBA Capita Asset Management (Jersey) Limited, the principal persons of which are noted as being Mr Robert Taylor-Barefoot, Mr Jeremy Wright and Mr Alex Ariana, is carrying on or holding out that it is carrying on financial service business when it is not authorised to do so pursuant to the provisions of the Financial Services Law

The Commission wishes it to be known that:

  1. BBA Capita Asset Management (Jersey) Limited 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 by BBA Capita Asset Management (Jersey) Limited since 1 July 1999, is a breach of Article 7 of the Financial Services Law;
  2. Mr Robert Taylor-Barefoot, Mr Jeremy Wright and Mr Alex Ariana have never been registered, nor applied for registration, as Principal Persons or Key Persons, under the Financial Services Law;
  3. BBA Capita Asset Management (Jersey) Limited is purporting to be a company incorporated in Jersey under the Companies (Jersey) Law 1991, as amended. However, BBA Capita Asset Management (Jersey) Limited is not, nor has it ever been, a company incorporated in Jersey;
  4. From documentation held by the Commission it would appear that BBA Capita Asset Management (Jersey) Limited, operated by Mr Robert Taylor-Barefoot, Mr Jeremy Wright and Mr Alex Ariana, displays warning signs of being set up for a fraudulent purpose;
  5. BBA Capita Asset Management (Jersey) Limited is not connected in any way to Capita Group Plc and companies within the Capita Group. The Capita Group has headquarters in London and has a presence in various jurisdictions including Jersey. Entities within the Capita Group are authorised by the Commission to conduct regulated activities; and
  6. The Commission has issued a previous public statement concerning Mr Robert Taylor-Barefoot, Mr Jeremy Wright and Mr Alex Ariana (and others), dated 14 January 2009, which can be found on this website at the following address: http://www.jerseyfsc.org/pdf/Public_Statement_QFX_January_2009.pdf.

All regulated businesses in Jersey are listed on the Commission’s website at the following address: www.jerseyfsc.org/the_commission/regulated_entities/index.asp.

Any person who has had dealings with BBA Capita Asset Management (Jersey) Limited, Mr Robert Taylor-Barefoot, Mr Jeremy Wright or Mr Alex Ariana is requested to contact the Commission.

Jersey Financial Services Commission
14 - 18 Castle Street
St. Helier
Jersey
JE4 8TP

Contact: Barry Faudemer - B.Faudemer@jerseyfsc.org

14 September 2009

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