Lifting of Directive - World Index Growth and Income Fund Inc. (2013-09-20)

Summary

This is a notice from the BVI Financial Services Commission confirming that a Directive originally issued on 15 August 2011 (and amended 25 January 2013) against a group of public funds managed by Castlestone Management Incorporated has been lifted with effect from 20 September 2013. World Index Growth and Income Fund Inc. was one of the funds covered by the original Directive.

• Background: The 2011 Directive applied to eighteen named public funds under the management of Castlestone Management Incorporated, including World Index Growth and Income Fund Inc.
• Action taken: The Commission decided to lift the Directive, meaning it is no longer in effect as of 20 September 2013.
• Matter reference: Matter ID INV092013/157, Licence Type: Public Funds, Industry Type: Investment Business.

This notice is purely informational and closes out a prior enforcement matter; it does not itself impose any new ongoing compliance obligations on the affected funds.

Applies to

public funds, investment business licensees

Deadlines

• 20 September 2013: Effective date on which the Commission's Directive against the listed funds, including World Index Growth and Income Fund Inc., ceased to be in effect.