Regulatory Notices
IMPORTANT REGULATORY AND OTHER INFORMATION
SITE TERMS & CONDITIONS
This information relates to this website (“the Site”) and contains the terms and conditions upon which it is made available to you. Please read it carefully.
The information contained on this Site is intended for general information purposes and should not be applied to individual circumstances without detailed professional advice. The information does not constitute an offer or advice regarding any finance, banking, insurance or other product or service.
To the fullest extent permitted by law, MeesPierson (C.I.) Limited, its parent companies, subsidiaries, affiliated entities, directors, employees and agents shall not have any liability, on whatever basis, contractual or not, for any direct or indirect damages to any person acting or refraining from acting as a result of any material contained on this site.
In certain jurisdictions, the distribution of marketing and advertising material is regulated and/or licensed. Any person who is located outside of Guernsey should follow the relevant legislation in their own jurisdiction and should satisfy themselves that they may legitimately access this site.
If you proceed to access the information included in this site, you acknowledge that you have read the above statement and are satisfied that you may lawfully access this site and that you will observe any relevant legislation and restrictions in your jurisdiction.
All rights in the material on this site are either owned by us or made available to us under license and are protected by copyright. You are not permitted to use or copy the material for anything other than your personal use or information.
The law of Guernsey governs the use of this site and these terms and conditions. You agree that the Court of the Island of Guernsey has exclusive jurisdiction to determine any matter or dispute in connection with or arising out of this site and those terms and conditions.
COMPANY INFORMATION
MeesPierson in Guernsey
MeesPierson (C.I.) Limited
(Registration Number: 13263)
MeesPierson (C.I.) Limited is licensed in Guernsey under The Banking Supervision (Bailiwick of Guernsey) Law, 1994 and The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended.
MeesPierson Asset Management (C.I.) Limited
(Registration Number: 21077)
MeesPierson Asset Management (C.I.) Limited is licensed in Guernsey under The Protection of Investors (Bailiwick of Guernsey) Law, 1987, as amended.
REGULATORY INFORMATION
The Guernsey Banking Deposit Compensation Scheme
As a Licensed Bank in Guernsey, MeesPierson (C.I.) Limited is a participant in the Guernsey Banking Deposit Compensation Scheme (the “Scheme”) established by The Banking Deposit Compensation Scheme (Bailiwick of Guernsey) Ordinance, 2008 (the “Ordinance”). The following is a brief summary of the Scheme, but is not intended as a substitute for the actual wording of the Ordinance, a copy of which is available on request.
The Scheme only applies to ‘qualifying deposits’, which broadly means deposits made by natural persons for their own benefit; with a few limited exceptions such as, for example, deposits made by trustees of retirement annuity trust schemes, the Scheme does not apply to companies, trusts, partnerships or charities.
The Scheme will provide compensation in the event that a Licensed Bank is unable to repay its depositors. Under normal circumstances, payment will be made within 3 months of receipt of a valid claim form.
Compensation is limited to a maximum of £50,000 per individual claimant; in the case of a joint account, each depositor would be entitled.
Total Scheme compensation in any five year period is limited to £100 million. If this limit was exceeded, compensation would be reduced pro rata.
The amount payable may be reduced if the Bank has any contractual right of set-off against the account. The Scheme is entitled to recover compensation from any funds subsequently paid out by the Bank.
Further information and a leaflet about the Scheme is available at:
Website: www.dcs.gg
Telephone: +44 (0) 1481 722756
Post: P.O Box 380
St Peter Port
GY1 3FY
It should be noted that the UK Financial Services Compensation Scheme and other similar international deposit compensation schemes do not apply in Guernsey.
FINANCIAL INFORMATION
A copy of the annual audited accounts for MeesPierson is available upon request in abridged or full form. The accounts cover the period to 31 December each year.
The Guernsey Financial Services Commission also requires licensed banks in Guernsey to provide access to reports and accounts for their parent company to enable potential depositors to form their own view on the financial standing of the parent company.
MeesPierson is ultimately owned by the Dutch Government which wholly owns the parent company of MeesPierson , ABN AMRO Group N.V., the audited accounts for which cover the period to 31 December 2009 and will be available from 4 March 2010. Please contact us if you would like a copy and the accounts will be sent to you after that date
DATA PROTECTION
MeesPierson (C.I.) Limited & MeesPierson Asset Management (C.I.) Limited is/are also registered under The Data Protection (Bailiwick of Guernsey) Law, 2001, as amended.
MISCELLANEOUS
Recording of Telephone Calls
For quality control and security purposes it is the policy of MeesPierson (C.I.) Limited and its assocated companies to record all external telephone conversations made via our company telephone system. Such recordings will remain the sole property of MeesPierson (C.I.) Limited.
Complaints
We invite you to write to Graham Thoume, Managing Director detailing your complaint via this link.