Public Statement 3 of 2022 - SDT LIMITED

Summary

This is a public statement issued by the BVI Financial Services Commission announcing the revocation of the Restricted Class II Trust Licence held by SDT Limited, effective 4 March 2022. It is a notice of regulatory action, not a rule imposing ongoing obligations on the wider industry.

• Grounds for revocation: SDT Limited failed to pay annual licence fees and failed to file Prudential and Statistical Returns.
• Effect: SDT Limited is no longer licensed to carry on any financial services business in or from within the Virgin Islands.
• Legal basis: The statement is issued pursuant to Section 37A(1) of the Financial Services Commission Act, 2001.

The statement is informational and public-interest in nature, alerting the public and market participants that SDT Limited's trust licence has been revoked; it does not create new compliance requirements for other regulated entities.

Applies to

Trust licensees (Restricted Class II Trust Licence holders)