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

Summary

This is a short enforcement notice from the BVI Financial Services Commission announcing that a directive previously issued against Caribbean Insurers Limited has been lifted. The original directive was issued on 1 August 2012 under section 40 of the Financial Services Commission Act, 2001. It ceased to have effect from 7 October 2016.

• Entity concerned: Caribbean Insurers Limited (Matter ID: BF101113/324)
• Original action: Directive issued 1 August 2012 under section 40 of the Financial Services Commission Act, 2001
• Effect of this notice: The Commission decided to lift the Directive with effect from 7 October 2016, meaning it is no longer in force

The notice is purely informational and records the conclusion of an enforcement matter; it does not impose any new ongoing obligations on Caribbean Insurers Limited or on other regulated entities.

Applies to

Caribbean Insurers Limited (insurance company)

Deadlines

• 7 October 2016: Effective date on which the 2012 Directive against Caribbean Insurers Limited was lifted