Cease and Desist Order - Master Polar Limited (2013-02-19)

Summary

This is a public enforcement notice from the British Virgin Islands Financial Services Commission announcing that it issued a cease and desist order against Master Polar Limited. The order requires the company to immediately stop conducting investment business in or from within the BVI.

• Legal basis: Issued under section 37(2A)(a) of the Financial Services Commission Act, 2001.
• Effect: Master Polar Limited must cease and desist carrying on all investment business in or from within the Territory with immediate effect.
• Follow up requirement: The company must provide the Commission with evidence that it has ceased its investment business activities.
• Reference: Matter ID ENF020813/018.

The notice is limited to Master Polar Limited and does not impose new rules on the wider industry; it serves as a public record of enforcement action taken against this specific entity for carrying on investment business.

Key obligations

• Master Polar Limited must cease and desist carrying on all investment business in or from within the BVI with immediate effect.
• Master Polar Limited must provide the Commission with evidence that it has ceased such investment business activities.

Applies to

Investment business entities, Master Polar Limited

Deadlines

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