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Woodlock Financial Services (1998) Limited

26th November 2012

The Financial Services Commission (Bailiwick of Guernsey) Law, 1987, as amended (the "Financial Services Commission Law")

The Banking Supervision (Bailiwick of Guernsey) Law, 1994 (as amended)

The Guernsey Financial Services Commission (the "Commission") issues this notice pursuant to section 2(2)(e) of the Financial Services Commission Law.

The Commission wishes to inform the public that the 6.75% fixed income product advertised by Woodlock Financial Services (1998) Limited in the 26 November 2012 edition of the Guernsey Press is an investment product rather than a straightforward fixed term deposit with a UK bank. The Commission is concerned that the content of this advertisement may lead some consumers to believe that this is a capital certain deposit with a UK bank when in fact the product being advertised is a structured product; i.e. a more complex financial product.

Whilst Woodlock Financial Services Limited is licensed by the Guernsey Financial Services Commission to (i) carry on business as an insurance intermediary and to (ii) carry out controlled investment business, it is not licensed to take deposits or provide other bank-type services under the Banking Supervision (Bailiwick of Guernsey) Law, 1994 (as amended). Consumers who proceed with this product should be aware that this is an investment product rather than a bank account. For the avoidance of doubt, the product is not covered by Guernsey Banking Deposit Compensation Scheme.

Consumers are strongly advised to check whether a firm or individual is licensed by visiting the Guernsey Financial Services Commission's website www.gfsc.gg, where lists of firms licensed under the relevant financial services laws are maintained.

Other financial regulators in the British Isles also issue public statements concerning unlicensed financial services business. These are:

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