Cease and Desist Order - Kent Capital Partners Limited (2013-12-03)

Summary

This is a public enforcement notice issued by the British Virgin Islands Financial Services Commission (FSC) recording a cease and desist order against Kent Capital Partners Limited, an entity classified under the Insurance industry type. The order was issued under section 37(2A)(a) of the Financial Services Commission Act, 2001.

• Cease and desist: Kent Capital Partners Limited is ordered to cease and desist carrying on all insurance business in or from within the BVI, with immediate effect.
• Evidence requirement: The company must provide the Commission with evidence that it has ceased its insurance (referred to in the notice as investment) business activities.
• Matter reference: The action is recorded under Matter ID INS1221/224.

The notice is purely an enforcement record for public alert purposes; it does not set out any further ongoing compliance regime beyond the immediate cessation and evidencing requirement described above.

Key obligations

• Kent Capital Partners Limited must immediately cease and desist carrying on all insurance business in or from within the British Virgin Islands.
• Kent Capital Partners Limited must provide the Commission with evidence that it has ceased its insurance business activities.

Applies to

insurance business entities, Kent Capital Partners Limited

Deadlines

• immediate effect: Kent Capital Partners Limited must cease and desist all insurance business immediately upon the order.