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Notice of transfer of deposit taking business for Butterfield Bank Limited

Published byOther
TypeOther
Date published
ReferenceIn the Royal Court of the Island of Jersey (Samedi Division), in the matter of Butterfield Bank (Jersey) Limited (the First Representor) and Butterfield Bank (Guernsey) Limited (the Second Representor)
04 April 2024

Notice is hereby given pursuant to paragraph 4(a) of the Schedule to the Banking Business (Jersey) Law 1991, that:

  1. ​On 3 April 2024 the Representors together presented a Representation to the Royal Court of Jersey seeking an Order sanctioning a scheme (the "Scheme") under which the whole of the deposit taking business, lending and other banking business, investment business, money service business and fund services business carried on in or from within Jersey and certain ancillary business also carried on in or from within Jersey by the First Representor is to be transferred to the Second Representor, acting through its Jersey branch (Butterfield Bank (Guernsey) Limited, Jersey Branch) under the registered business name 'Butterfield Bank Jersey'.
  2. The Representors have made copies of:
    1. ​​​​​​​​the said Representation
    2. the report of an independent auditor (the "Report") available for inspection (or for collection free of charge) between the hours of 9am and 5pm, Monday to Friday at the office of the First Representor at the address given below up to and including the date of the court hearing. In addition, copies of the Report can be obtained free of charge by downloading it from the Butterfield group we​bsite until the date on which the Court sanctions the Scheme
  3. The application to sanction the Scheme is due to be heard by the Royal Court of Jersey at the Royal Court House, Royal Square, St Helier, Jersey on 14 May 2024 at 10am
  4. Any person who alleges that they would be adversely affected by the carrying out of the Scheme is entitled to be heard by the Royal Court of Jersey. If you plan to object at the court hearing, we recommend that you contact us on 01534 843333 or write to us no later than 7 May 2024, at our Customer Relations address: Butterfield Bank, IFC6, IFC Jersey, St Helier, JE2 3BZ, Jersey​

Walkers (Jersey) LLP

Advocates for the Representors

Address for inspection of or from which to request copies of specified documents:

Butterfield Bank, IFC6, IFC Jersey, St Helier, JE2 3BZ, Jersey




​

Notice of transfer of deposit taking business for Butterfield Bank Limited
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