Public Statement - Axiom Trust Private Bank

This statement is made in order to warn investors and others against dealing with unauthorised financial services providers.

Axiom Trust Private Bank (“Axiom”)

www.axiomtrustpb.com/bank/ (the “Website”)

Axiom has not received authorisation to conduct investment, deposit-taking or collective investment fund business within the meaning of the Laws stated below.

The Jersey Financial Services Commission (the “Commission”) has issued this public statement under Article 25(2) of the Financial Services (Jersey) Law 1998, as amended (the “Financial Services Law”), Article 48(1)(a) of the Banking Business (Jersey) Law 1991, as amended (the “Banking Business Law”) and Article 17(1)(a)(i) of the Collective Investment Funds (Jersey) Law 1988, as amended (the “Collective Investment Funds Law”).

The Commission wishes it to be known that:

1. Axiom 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 7 of the Financial Services Law.
2. Axiom has never been registered, or applied for registration, under the Banking Business Law. Therefore any deposit-taking business, as defined in Article 3 of the Banking Business Law and carried out since 1 October 1991, is a breach of Article 8 of the Banking Business Law.
3. Axiom has never been registered, or applied for a license under the Collective Investment Funds Law. Therefore any collective investment fund business, as defined in Article 3 of the Collective Investment Funds Law, carried out since 1 June 1988 is a breach of Article 5 of the Collective Investment Funds Law.
4. All other regulated businesses are listed on the Commission’s website at www.jerseyfsc.org.

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

Gary Godel
Director Enforcement
Jersey Financial Services Commission

Nelson House
David Place
St. Helier
Jersey
JE4 8TP

4 April 2006

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