Cease and Desist Order - Concise Investments Limited (2014-08-07)

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing that it issued a cease and desist order against Concise Investments Limited under section 37(2A)(a) of the Financial Services Commission Act, 2001. The order directs the company to immediately stop carrying on all investment business in or from within the BVI and to prove to the Commission that it has done so.

• Order issued to: Concise Investments Limited
• Legal basis: Section 37(2A)(a) of the Financial Services Commission Act, 2001
• Requirement: Cease and desist from carrying on all investment business in or from within the Territory, with immediate effect
• Follow up requirement: Provide the Commission with evidence that investment business activities have ceased
• Reference: Matter ID BF101113/208

This notice is a public record of a completed enforcement action rather than a rule of general application; it applies specifically to Concise Investments Limited and does not create ongoing obligations for other market participants.

Key obligations

• Concise Investments Limited must immediately cease carrying on all investment business in or from within the British Virgin Islands
• Concise Investments Limited must provide the Commission with evidence that it has ceased its investment business activities

Applies to

investment business licensees, persons carrying on investment business

Deadlines

• immediate effect: Concise Investments Limited must cease all investment business in or from within the Territory with immediate effect