Public Statement 11 of 2022 - INTERNATIONAL MARINE SURVEYORS (2022-07-21)

Summary

This is a public statement issued by the BVI Financial Services Commission announcing the revocation of the Loss Adjuster licence held by International Marine Surveyors, effective 1 July 2022. The revocation was made under sections 37(1)(a)(i), 37(2)(a) and 38(1)(a) of the Financial Services Commission Act, 2001, due to the company's history of non-compliance with statutory requirements, specifically failure to pay annual licence fees.

• Reason for revocation: Failure to pay annual licence fees as required.
• Effect: International Marine Surveyors is no longer licensed to carry on any financial services business in or from within the British Virgin Islands.
• Legal basis: Issued pursuant to Section 37A(1) of the Financial Services Commission Act, 2001.

This notice is informational, alerting the public and industry that the named company's licence has been revoked; it does not impose ongoing obligations on other regulated entities.

Applies to

Loss Adjusters