Cease and Desist Order - Landora Investing Ltd. (2013-05-02)

Summary

This is an enforcement action notice published by the British Virgin Islands Financial Services Commission announcing that it issued a cease and desist order against Landora Investing Ltd. The order was made under section 37(2A)(a) of the Financial Services Commission Act, 2001 and directs the company to stop conducting investment business in or from within the BVI.

• Effect of the order: Landora Investing Ltd. must cease and desist carrying on all investment business in or from within the Territory, with immediate effect.
• Evidence requirement: Landora Investing Ltd. must provide the Commission with evidence that it has ceased such investment business activities.
• Legal basis: Issued pursuant to section 37(2A)(a) of the Financial Services Commission Act, 2001.
• Reference: Matter ID ENF011813/012.

This notice is informational for the public and industry but is directly binding on Landora Investing Ltd. itself, which is required to comply with the order's terms.

Key obligations

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

Applies to

Investment business, Landora Investing Ltd.

Deadlines

• immediate effect: Cease and desist from carrying on investment business in or from within the Territory takes effect immediately.