Channel Islands Swap Redress Ltd (or Swap Redress Ltd)18th August 2014
It has been brought to the Commission's attention that the above-named entity, with an associated website of www.ciswaps.co.uk, recently placed an advert in the Guernsey Press regarding the mis-selling of interest rate hedging products.
The purpose of this notice is to advise that the company is not licensed, authorised or in any way regulated by the Commission for the conduct of any financial services business in or from within the Bailiwick of Guernsey. The Commission recommends that people check the regulatory status of a company before replying to any such adverts or entering into contracts for financial services.
If you require further guidance please contact the Commission's Intelligence Team on (+44 1481 712706).