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Castlestone Management Incorporated - Public Statement No. 2 of 2016 (6 April 2016)

Public Statement No. 2 of 2015

6 April, 2016

PUBLIC STATEMENT

 CASTLESTONE MANAGEMENT INCORPORATED

Tortola, British Virgin Islands – 6 April, 2016 – The British Virgin Islands Financial Services Commission (the “Commission”) issues this public statement pursuant to Section 37A(3) of the Financial Services Commission Act, 2001 (the “Act”), in order to inform and to protect the property of, or in the custody, possession or control of the licensee, or to protect customers, creditors, or potential customers or creditors of Castlestone Management Incorporated (the “Licensee”).

On 21 March 2016, the Commission issued a Directive to the Licensee under Section 40(1)(b) of the Act, requiring the Licensee to take the following action:

1.     Within 30 days of the date of the Directive, submit to the Commission financial statements which comply with the requirements of section 71(1) of Securities and Investment Business Act, 2010 for the years ending 31 December 2010, 2011, 2012, 2013 and 2014.

The Commission will provide additional updates on developments as matters progress.

 

Robert A. Mathavious

Managing Director/CEO

Birish Virgin Islands Financial Services Commission

Pasea Estate, Tortola, British Virgin Islands

Telephone: (284) 494-4190

E-mail: commissioner@bvifsc.vg

Website: www.bvifsc.vg

Hours: Monday – Friday 8:30 a.m. – 4:30 p.m.

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Contact Information

British Virgin Islands Financial Services Commission


Pasea Estate
P.O. Box 418
Road Town, Tortola, VG 1110
British Virgin Islands

Tel: 284-494-1324 or 284-494-4190 GMT – 4:00
Fax: 284-494-5016
Hours: Monday-Friday 8:30a.m. - 4:30p.m.
commissioner@bvifsc.vg