Trust Finance Fidelity Bank

Public Statement 

Trust Finance Fidelity Bank

The Jersey Financial Services Commission (the "Commission") has issued this public statement under Article 48(2) of the Banking Business (Jersey) Law 1991, as amended (the "Banking Business Law") and 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: deposit-taking business within the meaning of the Banking Business Law; or financial service business within the meaning of the Financial Services Law.

Trust Finance Fidelity Bank ("Fidelity Bank")

http://trustfinancefidelitybank.org (the "Website")

The Commission believes that Fidelity Bank, through the use of the Website, is carrying on or holding out that it is carrying on deposit-taking, investment and financial service business in Jersey when it is not authorised to do so pursuant to the provisions of the laws stated above.

The Commission wishes it to be known that:

1. Fidelity Bank 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. Fidelity Bank 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; and

3. From the documentation held by the Commission, it would appear that Fidelity Bank displays warning signs of being set up for a fraudulent purpose.

All regulated businesses in Jersey are listed on the Commission’s Website (www.jerseyfsc.org).

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

John Harris
Director General
Jersey Financial Services Commission

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

JE4 8TP