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Legal


Butterfield Bank (Guernsey) Limited is licensed by the Guernsey Financial Services Commission under the Banking Supervision (Bailiwick of Guernsey) Law, 1994, The Protection of Investors (Bailiwick of Guernsey) Law, 1987 and the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, each as amended from time to time, Company Securities (Insider Dealing) (Bailiwick of Guernsey) Law 1996. Company registration number 21061

Butterfield Trust (Guernsey) Limited ('Trust') is licensed and regulated by the Guernsey Financial Services Commission under the Regulation of Fiduciaries, Administration Businesses and Company Directors, etc (Bailiwick of Guernsey) Law, 2000, as amended. Company registration No 31645.
 
Butterfield Bank (Guernsey) Limited and Butterfield Trust (Guernsey) Limited are registered by the Guernsey Registry for the purposes of The Companies (Guernsey) Law 2008.
Both companies are registered under The Data Protection (Bailiwick of Guernsey) Law, 2001, as amended.

The registered address and principal place of business for both companies is at:
PO Box 25, Regency Court, Glategny Esplanade, St Peter Port, Guernsey.
Both companies are wholly owned subsidiary of The Bank of N.T. Butterfield & Son Limited, which is regulated by the Bermuda Monetary Authority. The parent bank was established in Bermuda in 1858. In addition to Bermuda and Guernsey, the Group has offices in The Bahamas, Cayman, Switzerland and the United Kingdom.
As at 31 December 2013, its paid up capital and reserves exceed £77m. Copies of the Bank's most recent audited accounts are available on request.

The Bank is not authorised under the Financial Services and Markets Act, 2000 to carry on investment business in the United Kingdom.
The Bank is not licensed to conduct banking business in the United States or Canada. The Bank’s investment vehicles and services have not been registered or licensed under any United States securities legislation and are not being offered, directly or indirectly, in the United States nor in any of its territories or possessions or areas subject to its jurisdiction or to its citizens or persons thereof. ‘United States’ means the United States of America (including the States and District of Columbia), its territories, its possessions and other areas subject to its jurisdiction including the Commonwealth of Puerto Rico and ‘US person’ means any national, citizen or resident of the United States, a corporation, partnership or other entity created or organised in and under the laws of the United States or any political subdivision thereof, and any estate or trust which is subject to United States federal income taxation regardless of the source of its income.

The Bank’s products and services are available in Guernsey and only in those other jurisdictions where they may be legally offered or obtained.
Butterfield Bank (Guernsey) Limited places funds with The Bank of N.T. Butterfield & Son Limited and thus its financial standing is linked to The Bank of N.T. Butterfield & Son Limited. Publically available information, including reports and accounts, is obtainable from http://www.butterfieldgroup.com/business_corporate/
 
The information contained within the website does not purport to give specific legal, tax, banking or investment advice, and before acting, further advice should always be sought, especially in relation to specific tax circumstances. Terms and conditions apply, please click the link below to access.
Butterfield Bank (Guernsey) Limited Policies


Please find below links to Butterfield Bank (Guernsey) Limited's current and previous policy on the following:
Terms of Use of this Website

The information on the web site is for information purposes only. Unless specifically stated otherwise, it does not constitute an offer to purchase or sell any security or investment product, nor does it constitute professional advice. The products and services of the Bank and Trust are not offered to any person or entity in any jurisdiction or country where the advertisement, offer, solicitation, provision or sale of such products and services is restricted or prohibited by law or regulation or where the Bank or Trust (or any of its group companies or affiliates) would be subject to any regulation or licensing requirement. Persons located or resident in jurisdictions outside of Guernsey that may restrict the distribution of information by us, should note that they must observe any relevant legislation and restrictions in their jurisdiction.

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.

Copyright

Copyright in the pages, screens, information, and all material in their arrangement, included in the web site is owned by or licensed to us or The Bank of N.T. Butterfield & Son Limited or its subsidiary or associated companies unless otherwise stated. You may print, copy, download or temporarily store extracts from this site for your personal information or when you use any products and services of this site. You may not alter or otherwise make any changes to any material that you print or download from this site, including, without limitation, removing any identifying marks or legends from such material. You may not distribute these materials to others. Any other use is prohibited unless you first request and obtain our written permission. In particular you may not copy or use a part of this web site on any other web site, or link any other web site to this site, without the prior written permission of us or The Bank of N.T. Butterfield & Son Limited. You may not use the website for any purpose which is unlawful, abusive, libelous, obscene or threatening.
Butterfield is a brand name of The Bank of N.T. Butterfield & Son Limited and all rights in and to Butterfield vest in The Bank of N.T. Butterfield & Son Limited. Other than as provided above you may not use or reproduce the Butterfield logo or brand name.
Any information printed or downloaded from this site is correct as of the date it is printed or downloaded.

Confidentiality and Data Protection
We regard the lawful and correct treatment of personal information as of paramount importance at Butterfield Group (comprising The Bank of N.T. Butterfield & Son Limited and subsidiary companies) and in particular to our clients who expect a high degree of confidentiality. We ensure that Butterfield Group treats personal information lawfully and correctly by endorsing and adhering to the principles of data protection, as set out in the EU General Data Protection Regulation (2018) and other relevant legislation.
 
Click here for details of Butterfield’s collection, retention and use of personal information.

Exclusions of legal liability

Although we have tried to make this site as accurate as possible and have obtained information from sources which we believe to be reliable, we do not guarantee, nor take any responsibility for, its accuracy.

The fact that information, products or services are shown on this site does not necessarily mean that:

- you should rely on the information

- the products and services that we provide are suitable for you

- the services on this site are still available

- the services available may not have changed

This website contains links to third party web sites which are hosted and maintained independently and are provided for your convenience only. The Bank and Trust do not review, endorse, approve or control, and is not responsible for any websites linked from or to this website, the content of those websites, the third parties named therein, or their products or services. Linking to any other website is at your sole risk and the Bank or Trust will not be responsible or liable for any damages in connection with such links. Links to downloadable software sites are for convenience only and the Bank and Trust are not responsible or liable for any difficulties or consequences associated with downloading software. Use of any downloaded software is governed by the terms of the license agreement, if any, which accompanies or is provided with the software. Unless otherwise specified the Bank and Trust reserve the right to amend or otherwise alter the contents of this website, including these Legal Notices, at any time and without notice.

Although the Bank and Trust will endeavour to guard against any such risk, you must note that any information requested or consented to be sent from the Bank or Trust to you by e-mail is sent entirely at your own risk. It is your responsibility to ensure that viruses or other such corruptive programmes do not enter your system, and we accept no responsibility in this regard. A virus is a manmade programme or piece of code which causes unexpected, usually negative, events and is a risk inherent in any use of the Internet. To reduce the possibility of such problems we recommend that you take adequate protection against this risk by installing anti-virus software on you computer system or network, and regularly updating this protection.

Guernsey Banking Deposit Compensation Scheme
"As a Licensed Bank in Guernsey, Butterfield Bank (Guernsey) 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 cap also means that compensation in respect of any one Bank cannot exceed £100 million.
• 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: PO Box 380, St Peter Port, GY1 3FY
Furthermore the Bank is not regulated by the Financial Conduct Authority or the the Prudential Regulation Authority. Deposits placed in Guernsey are not covered by the United Kingdom's Financial Services Compensation Scheme established in the UK under the Financial Services and Markets Act 2000, nor are deposits covered by any equivalent scheme outside of the Bailiwick of Guernsey.
 

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