Public Statement –

Financial Services (Jersey) Law 1998, as amended (the “Law”)

Mr Keith Stanley Gibbins (“Mr Gibbins”)
(Born 23 September 1965 in London)
Formerly a Custody Operations Team Leader

The Jersey Financial Services Commission (the “Commission”) issues this public statement under Article 25(a) of the Law with
respect to a direction that the Commission has given under Article 23 of the Law to Mr Gibbins.

Following an investigation into the fitness and propriety of Mr Gibbins, the Commission decided, having regard to all of the circumstances of the case that, it was necessary and appropriate to restrict Mr Gibbins’ future employment, function or
position within the finance industry in Jersey through the use of a direction given under Article 23 of the Law.

The restriction prevents Mr Gibbins from performing any function at all, engaging in any employment at all, or holding any position
at all, for, by, or in the business of any registered person, as defined under the Law. Mr Gibbins 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 Gibbins satisfies the Commission that there are no longer any grounds justifying the directions, in which case the directions may be withdrawn or varied.

Mr Gibbins will commit an offence, under Article 23(15) of the Law, in the event that he contravenes the direction. There are
similar offences under each of the other regulatory laws. Any person with information to indicate that any such offence has
been committed is asked to contact the Commission.

Any person who allows Mr Gibbins to perform a function, engage in employment or hold any position in relation to a registered person knowing that such performance, engagement or holding is in contravention of the directions will commit a criminal offence.

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

Contact: Barry Faudemer - b.faudemer@jerseyfsc.org

9 April 2010

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¹The Collective Investment Funds (Jersey) Law 1988, as amended
The Insurance Business (Jersey) Law 1996, as amended
The Banking Business (Jersey) Law 1991, as amended