BVIFSC, Pasea Estate, Tortola - February 12, 2004 - The Commission's application for the grant of protection orders under the Financial Services Commission Act, 2001, came up for hearing on January 12, 2004. On that date, the Court gave directions to the Commission for the filing of proceedings to wind up the Fund. The Commission subsequently filed proceedings to wind up the Fund and for the appointment of provisional liquidators for the Fund. The application to appoint provisional liquidators came up for hearing on January 19 and 20, 2004.