Cease and Desist Order - Universal Investments (International) Limited (2013-07-01)

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing a Cease and Desist Order issued against Universal Investments (International) Limited, an entity engaged in investment business. The order was made under section 37(2A)(a) of the Financial Services Commission Act, 2001.

• Cease activities: Universal Investments (International) Limited is ordered to cease and desist carrying on all investment business in or from within the Territory, with immediate effect.
• Provide evidence: The entity must provide the Commission with evidence that it has ceased such investment business activities.
• Matter reference: The action is recorded under Matter ID ENF010413/001.

This notice is specific to the named entity and does not create general obligations for other licensees; it serves as a public record of the Commission's enforcement action.

Key obligations

• Universal Investments (International) Limited must immediately cease and desist carrying on all investment business in or from within the British Virgin Islands.
• Universal Investments (International) Limited must provide the Commission with evidence that it has ceased such investment business activities.

Applies to

Investment business entities, Universal Investments (International) Limited

Deadlines

• immediate effect: Cease and desist from carrying on investment business takes effect immediately upon issuance of the order.