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Press Release - 17 October 2001

Commission Petitions Court For The Appointment Of A Manager

The Financial Services Commission petitioned the Royal Court of Jersey on Friday 28th September 2001 and Tuesday 9th October 2001 to appoint managers in accordance with the powers vested in it under Article 10A of the Financial Services (Jersey) Law 1998.

The provision enables the Court to appoint a manager to secure the effective management of a trust company business.

The petition on the 28th September 2001, related to Crystal Trust Company Limited, Crystal Nominees Limited, Crystal Services Limited and Crystal Secretaries Limited. Two partners from Deloitte and Touche were appointed by the Royal Court to act as managers of those companies. The petition on the 9th October 2001 related to Alderney International LLC and the Royal Court appointed the same two managers in respect of, and restricted to, such part of that company's trust company business as is carried on in or from Jersey.

Queries should be addressed to the Managers, Mr. Peter Howard Beamish or Mr. Robert Digby Taylor at:

Deloitte & Touche (Chartered Accountants),
P.O. Box 403,
Lord Coutanche House,
66-68 Esplanade,
St. Helier, Jersey, JE4 8WA.

Telephone: 01534 870775.

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