Financial Services (Jersey) Law 1998, as amended (FS(J)L)
The Jersey Financial Services Commission (JFSC) issues this public statement pursuant to Article 25(d) of the FS(J)L.
This statement is made in order to warn investors and others against dealing with unauthorised financial service providers.
It appears to the JFSC that Hugo De Rick is falsely purporting to carry on, or holding out that it is carrying on, financial service business in Jersey when it is not authorised to do so pursuant to the provisions of the FS(J)L.
Hugo De Rick has never been registered, nor applied for registration, under the FS(J)L. Therefore any financial services business, as defined in Article 2 of the FS(J)L and carried out by Hugo De Rick since 1 July 1999, is in breach of Article 7 of the FS(J)L.
All regulated businesses in Jersey are listed on our website.
Any person who has received financial services from Hugo De Rick is requested to contact the JFSC.
For further enquiries, please contact Acting Director of Enforcement, Kerry Petulla.