Lifting of Directive - Aliquot Precious Metals Inc. (2013-09-20)

Summary

This is a notice from the British Virgin Islands Financial Services Commission announcing that it has lifted a regulatory Directive originally issued on 15 August 2011 (and later amended on 25 January 2013) against a group of funds managed by Castlestone Management Incorporated, including Aliquot Precious Metals Inc. The lifting took effect on 20 September 2013, meaning the Directive is no longer in force against these funds.

• Funds covered: Eighteen named funds under Castlestone Management Incorporated, including Aliquot Agriculture Fund Inc., Aliquot Gold Bullion Inc., Aliquot Precious Metals Inc., Global Property Growth and Income REITS Fund Inc., and others listed in the original Directive.
• Action taken: The Commission decided to lift the 15 August 2011 Directive (as amended 25 January 2013), effective 20 September 2013.
• Nature of document: This is a public enforcement action notice, listed under Industry Type: Investment Business, Licence Type: Public Funds, Matter ID INV092013/157, with no new compliance requirements imposed.

Applies to

Public Funds, Investment Business licensees managed by Castlestone Management Incorporated

Deadlines

• 20 September 2013: Effective date on which the Commission's Directive against the listed funds was lifted.