BGL Private Equity (BVI) Limited

A Directive was issued pursuant to section 40(3) (a) and 40(3) (b) of the Financial Services Commission Act, 2001 to BGL Private Equity (BVI) Limited requiring: (i) Within a prescribed period of 60 days to cease and desist from carrying on investment business of any kind whatsoever in the Virgin Islands, and to wind down all investment business being carried on by the Company. (ii) Upon completion of the winding down of the investment business carried on by the Company, to provide evidence satisfactory to the Commission that all investment business carried on by the Company has in fact been wound down. (iii) With immediate effect, to cease and desist from taking on any new business.