Lifting of Directive - Caribbean Insurers Limited (2016-07-10)

Summary

This is a short enforcement notice from the BVI Financial Services Commission announcing that a regulatory Directive previously issued against Caribbean Insurers Limited has been lifted. The Directive had originally been issued on 1 August 2012 under section 40 of the Financial Services Commission Act, 2001. The Commission decided to lift the Directive with effect from 7 October 2016, meaning it is no longer in effect.

• Original action: Directive issued 1 August 2012 to Caribbean Insurers Limited under section 40 of the Financial Services Commission Act, 2001.
• Outcome: The Commission lifted the Directive, effective 7 October 2016; it is no longer in effect.
• Reference: Matter ID BF101113/380.

Applies to

insurance companies, Caribbean Insurers Limited

Deadlines

• 7th October, 2016: Effective date on which the Directive against Caribbean Insurers Limited ceased to be in effect.