Public Statement 29 of 2021 - Audina Equalia Trust Services (B.V.I.) Limited (2021-11-08)

Summary

This is a public statement from the BVI Financial Services Commission announcing that it has revoked the Restricted Class II Licence held by Audina Equalia Trust Services (B.V.I.) Limited, effective 22 October 2021. The revocation was made under section 38(1)(a) of the Financial Services Commission Act, 2001, and the statement is issued pursuant to section 37A(1) of the same Act.

• Reason for revocation: A history of non-compliance with statutory requirements, specifically: failure to submit annual licence fees, failure to submit prudential returns, and failure to submit annual Compliance Officer reports.
• Effect: The Company is no longer licensed to carry on any type of financial services business in or from within the British Virgin Islands.

This is a purely informational enforcement notice concerning one named entity; it does not create ongoing obligations for other regulated entities but serves to warn the public and industry that this licensee's authorisation has ended.

Applies to

Trust & Corporate Services Providers, Restricted Class II Licence holders

Deadlines

• 22nd October 2021: Effective date on which the Restricted Class II Licence held by Audina Equalia Trust Services (B.V.I.) Limited was revoked.