Lifting of Directive - Collection of Modern Art Inc (2013-10-25)

Summary

This is a short enforcement notice from the BVI Financial Services Commission announcing that a regulatory Directive previously issued against Collection of Modern Art Inc, an investment business entity, has been lifted. The original Directive was issued on 22 February 2012 and amended on 12 October 2012; the Commission decided to lift it with effect from 25 October 2013.

• Entity affected: Collection of Modern Art Inc, categorised under Investment Business.
• Directive history: Original Directive dated 22 February 2012, amended 12 October 2012.
• Outcome: The Commission lifted the Directive, effective 25 October 2013, meaning it is no longer in effect.
• Reference: Matter ID INV102513/192.

This notice is purely informational: it records the end of a prior enforcement measure and does not itself impose any new ongoing obligations on the entity or on other market participants.

Applies to

investment business, Collection of Modern Art Inc (named entity)

Deadlines

• 25th October, 2013: Date on which the lifting of the Directive against Collection of Modern Art Inc took effect.