Trustshore Bank & Trust Corporation and Integris Group of Mutual Funds - 6 March 2003
Public Statement - Trustshore Bank & Trust Corporation and Integris Group of Mutual Funds
This statement is re-issued in order to warn investors and others against dealing with unauthorised financial services providers.
Trustshore Bank & Trust Corporation ("Trustshore")
The public statement was originally issued on 4 October 2002 and is now re-issued with new paragraphs 5 and 6 following a representation from entities with similar names that are licensed in other jurisdictions. The purpose of this statement is to advise the public that Trustshore and Integris have not received authorisation to conduct investment, deposit-taking or collective investment fund business within the meaning of the laws stated below.
The Commission become aware of a website, www.trustshore.com, that states that Trustshore has established an office in Jersey and implies that Trustshore is subject to regulation. Amongst the products offered are Integris funds.
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"), Article 45B of the Banking Business (Jersey) Law 1991, as amended ("the Banking Business Law"), and Article 14A of the Collective Investment Funds (Jersey) Law 1988, as amended ("the Collective Investment Funds Law").
The Commission wishes it to be known that:
The Commission requests that any person who has had dealings with any of the above entities contact the Commission.
6 March 2003