Public Statement 3 of 2024 - Exuberance Assets Management (2024-02-21)

Summary

This is a public warning notice issued by the British Virgin Islands Financial Services Commission (FSC) alerting the public that an entity calling itself EXUBERANCE ASSETS MANAGEMENT is falsely claiming to be licensed and regulated by the FSC to carry on financial services business in or from the BVI. The FSC confirms this entity has never held any licence or authorisation from the Commission.

• Finding: EXUBERANCE ASSETS MANAGEMENT is not, and has never been, licensed or regulated by the FSC for any financial services business in or from the BVI.
• Warning: Members of the public are advised to exercise extreme caution if solicited to conduct business with this entity.
• Call for information: The public is invited to provide the FSC with any relevant information on questionable entities purportedly operating in or from the Territory.
• Legal basis: The statement is issued pursuant to Section 37A of the Financial Services Commission Act, 2001.

This is an informational alert rather than a rule or licensing action; it does not impose compliance obligations on regulated entities but serves to warn consumers and encourage reporting of suspicious solicitations.