Cease and Desist Order - FFAM Inc. (2014-03-24)

Summary

This is an enforcement notice published by the British Virgin Islands Financial Services Commission (FSC) recording a cease and desist order issued against FFAM Inc. The order was made under section 37(2A)(a) of the Financial Services Commission Act, 2001.

• Order: FFAM Inc. is directed to cease and desist carrying on all investment business in or from within the BVI, with immediate effect.
• Evidence requirement: FFAM Inc. must provide the Commission with evidence that it has ceased its investment business activities.
• Reference: The matter is recorded under Matter ID BF101113/207.

The notice is a public enforcement alert rather than a rule of general application; it applies specifically to FFAM Inc. and does not create ongoing obligations for other entities.

Key obligations

• FFAM Inc. must immediately cease and desist carrying on all investment business in or from within the British Virgin Islands.
• FFAM Inc. must provide the Commission with evidence that it has ceased such investment business activities.

Applies to

FFAM Inc. (investment business)

Deadlines

• immediate effect: FFAM Inc. must cease all investment business in or from within the Territory immediately upon the order.