Revocation of Licence - LA HOUGUE TRUSTEES LIMITED (2023-02-10)

Summary

This is an enforcement notice from the BVI Financial Services Commission announcing the revocation of the Class II Trust Licence held by La Hougue Trustees Limited. The revocation took effect on 10 February 2023 under section 38(1)(a) of the Financial Services Commission Act, 2001.

• Reason for revocation: The company failed to pay its annual licence fees on or before 31 January for the years 2019, 2020, and 2021.
• Legal basis: Section 38(1)(a) of the Financial Services Commission Act, 2001.
• Matter ID: ENF021023/009.

This notice is purely informational, recording a completed regulatory action against a named licensee; it does not create ongoing obligations for other market participants but serves as a public record and reminder of fee payment requirements for trust licensees.

Applies to

Class II Trust Licence holders, trust and corporate services providers

Deadlines

• 31st January: Annual licence fees for trust licensees are due on or before this date each year; failure to pay for 2019, 2020, and 2021 led to this revocation.
• 10th February 2023: Effective date of the revocation of La Hougue Trustees Limited's Class II Trust Licence.