Sese Skyline - Advisory Warning No. 7 of 2012 (2012-05-09)

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission alerting the public that an entity called Sese Skyline, which offers investment opportunities via its website and claims to be incorporated and registered in the British Virgin Islands, is not and has never been incorporated, registered, or licensed in the BVI.

• Warning: Sese Skyline is not incorporated, registered, or licensed by the FSC despite representing itself as a BVI entity on its website www.seseskyline.com.
• Public advisory: Members of the public are advised to exercise extreme caution in any dealings with Sese Skyline.
• Call for information: The public is invited to provide the FSC with information on questionable entities purportedly operating in or from the BVI.
• Legal basis: The warning is issued under Section 4(1)(l) of the Financial Services Commission Act, 2001.

This is an informational alert rather than a rule change; it does not impose new compliance obligations on licensed entities but serves to caution the public and market participants against a specific unregulated operator.