Kent Capital Partners Limited - Advisory Warning No. 12 of 2013 (13 March 2013)

Summary

This is a public advisory warning issued by the BVI Financial Services Commission (FSC) alerting the public that Kent Capital Partners Limited, a BVI business company, has been carrying on insurance business without being licensed to do so. The company allegedly issued financial guarantees against valuable and marketable assets and offered these insurance services through a website. The FSC confirms it has never licensed this entity to carry on insurance business in or from the Virgin Islands.

• Unlicensed activity: Kent Capital Partners Limited has been carrying on insurance business by issuing financial guarantees against valuable and marketable assets, purporting to be licensed and regulated in the BVI.
• No licence held: The entity has never been licensed by the FSC to carry on insurance business in or from within the Territory.
• Public caution advised: Members of the public are advised to exercise extreme caution if solicited by this entity under any of its company or trading names, including via its website www.kentcapitalpartnersltd.com.
• Legal basis: The FSC issued this warning under Section 4(1)(l) of the Financial Services Commission Act, 2001.

This is an informational public warning rather than a rule imposing ongoing compliance duties on regulated firms; it invites the public to report information on this or other questionable entities to the FSC.

Applies to

members of the public, insurance business (unlicensed entity)