Public Statement –
Mr Russell Shelton Homer (“Mr Homer”)
Financial Services (Jersey) Law 1998 (the “Law”)
The Jersey Financial Services Commission (the ”Commission”) issues this public statement under Article 25(a) of the Law.
Following an investigation into the fitness and propriety of Mr Homer, the Commission wishes it to be known that, on 23 April 2009, directions were issued to Mr Homer pursuant to the powers vested in it under Article 23(1) of the Law.
The effect of the directions is that Mr Homer shall be prohibited from:
1.1 Acting as a principal person or being employed as a principal person or key person, as defined under the Law; and
1.2 In relation to carrying on financial service business, acting in any capacity with authorised signatory powers over
any bank account or being appointed to any office with the capacity to execute any legal documentation
1.3 Engaging in any other employment at all by any registered person, as defined in the Law, without first having
applied to and obtained the prior written approval of the Commission.
On 23 April 2009, Mr Homer was also issued with equivalent directions under each of the other regulatory laws as follows:
The Collective Investment Funds (Jersey) Law 1988;
Mr Homer will commit an offence under Article 23(15) of the Law, in the event that he acts in a manner which is not in accordance with the restrictions set out above. Any person with information to indicate that such an offence has been committed is asked to contact the Commission
The Insurance Business (Jersey) Law 1996; and
The Banking Business (Jersey) Law 1991.
Jersey Financial Services Commission
14 – 18 Castle Street
Contact: Deborah C. Sebire - firstname.lastname@example.org
20 July 2010