Tortola Capital - Advisory Warning No. 6 of 2010 (2010-10-21)

Summary

This is a public advisory issued by the British Virgin Islands Financial Services Commission (FSC) warning that an entity calling itself Tortola Capital is not incorporated, registered or licensed in the British Virgin Islands, despite offering investment opportunities on its website and holding itself out as BVI incorporated, registered and licensed.

• Entity named: Tortola Capital (website: www.tortolacapital.com)
• Status confirmed by FSC: Not incorporated, registered or licensed in or from within the British Virgin Islands, and has never been so at any time
• Legal basis: Issued by the FSC under Section 4(1) of the Financial Services Commission Act, 2001
• Public advice: Members of the public are urged to exercise extreme caution in conducting any transactions with Tortola Capital
• Call for information: The public is invited to provide the FSC with any relevant information on questionable entities purportedly operating in or from within the Territory

This is a one-off public warning notice rather than a rule or regulatory requirement; it does not itself impose ongoing compliance obligations on regulated entities.