Lifting of Directive - GULF INSURANCE LIMITED (2016-07-10)

Summary

This is a short enforcement notice from the BVI Financial Services Commission announcing that a regulatory Directive previously issued to Gulf Insurance Limited has been lifted. It confirms the Directive is no longer in effect and states the date the lifting took effect.

• Original Directive: Issued on 1 August 2012 to Gulf Insurance Limited under section 40 of the Financial Services Commission Act, 2001.
• Action taken: The Commission decided to lift the Directive.
• Effective date of lifting: 7 October 2016.
• Reference: Matter ID BF101113/323.

The notice is purely informational, confirming the end of a prior enforcement measure against this specific entity, and does not itself impose any new ongoing compliance obligations on the industry.

Applies to

insurance

Deadlines

• 7th October, 2016: Date the Commission's lifting of the 1 August 2012 Directive against Gulf Insurance Limited took effect.