Lifting of Directive - Aliquot Commodity Fund Inc. (2013-09-20)

Summary

This is a notice from the BVI Financial Services Commission announcing that it has lifted a regulatory Directive that had been imposed in August 2011 against a group of investment funds managed by Castlestone Management Incorporated, including Aliquot Commodity Fund Inc. The lifting takes effect from 20 September 2013. The notice is purely informational, confirming the end of a prior enforcement restriction rather than imposing any new requirement.

• Original Directive: Issued 15 August 2011 against Castlestone Management Incorporated and a list of associated public funds, later amended on 25 January 2013.
• Effect of this notice: The Commission confirms the Directive is no longer in effect, with the lifting effective 20 September 2013.
• Funds covered: Aliquot Agriculture Fund Inc., Global Property Growth and Income REITS Fund Inc., Aliquot Commodity Fund Inc., Inflation Target Recovery Fund Inc., Aliquot Gold and Precious Metals Equities Fund Inc., Intelligent Portfolio (IQ Asset Allocation) Inc., Aliquot Gold Bullion Inc., Next 11 Emerging Fund Inc., Aliquot Precious Metals Inc., Porcupine Absolute Return Fund Inc., Balanced Opportunity Inc., Systematic Growth Fund Inc., Collection of Modern Art Inc., World Index Growth and Income Fund Inc., Concerto Alternative Alpha Inc., Consistent Return (Cash Management) Fund Inc., Emerging Markets Growth And Income Fund Inc., and Porcupine Global Macro Plus Inc.
• Licence type: Public Funds; Matter ID INV092013/157.

Applies to

Public Funds, Investment Business, Castlestone Management Incorporated and its managed funds

Deadlines

• 2013-09-20: Date on which the lifting of the 15 August 2011 Directive takes effect.