Public Statement No. 10 of 2026 - LS Securities Ltd. (2026-05-19)

Summary

This is a Public Statement issued by the BVI Financial Services Commission announcing that it has revoked the investment business licence of LS Securities Ltd. under the Financial Services Commission Act, 2001 and the Securities and Investment Business Act, 2010. The revocation, effective 6 May 2026, follows multiple sustained compliance failures by the company.

• Grounds for revocation: Failure to pay annual fees for 2026, failure to submit AML/CFT Returns for 2020-2025, failure to submit Investment Business Annual Returns for 2024-2025, failure to submit audited financial statements for 2022-2024, failure to submit compliance officer reports for 2022-2025, and likely further compliance failures.
• Effect: LS Securities Ltd. is no longer licensed to carry on any type of financial services business in or from within the Virgin Islands.

The statement is an enforcement notice concerning one named entity and does not create new continuing obligations for other regulated persons; it serves to inform the public and market participants that LS Securities Ltd. is no longer an authorised licensee.

Applies to

investment business licensees

Deadlines

• 6th May 2026: Effective date on which the FSC revoked LS Securities Ltd.'s investment business licence.