Lifting of Directive - Aliquot Gold & Precious Metals Equities Fund Inc. (2013-09-20)

Summary

This is a short enforcement notice from the BVI Financial Services Commission announcing that a Directive originally issued on 15 August 2011 (and amended 25 January 2013) against a group of funds managed by Castlestone Management Incorporated has been lifted, with effect from 20 September 2013. The notice itself imposes no new requirements; it simply records that the restriction previously in place is no longer in effect.

• Directive lifted for: Eighteen funds under management of Castlestone Management Incorporated, including Aliquot Gold & Precious Metals Equities Fund Inc., Aliquot Agriculture Fund Inc., Global Property Growth & Income REITS Fund Inc., Aliquot Commodity Fund Inc., Inflation Target Recovery 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.
• Effective date: The Commission's decision to lift the Directive takes effect from 20 September 2013.
• Matter reference: Matter ID INV092013/157, categorised under Licence Type: Public Funds, Industry Type: Investment Business.

Applies to

Public funds, Investment business licensees, Fund manager (Castlestone Management Incorporated)

Deadlines

• 20 September 2013: Date on which the Commission's decision to lift the Directive against the listed funds takes effect.