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FSA announces licensing crackdown

The Island's financial regulator says it'll be cracking down on people who are doing business without the appropriate licence.

The Financial Service Authority says it's to conduct a pro-active initiative to find those breaking the law.

It says anyone providing premises for a company's registered offices, acting as a director or secretary, or being a nominee shareholder needs a licence.

The FSA says if you're unsure whether you need a licence, you can get in touch with it or seek legal advice.

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