KSFIOM NEWS

FSC (IOM) 25 Oct 2012: Louis Group Structured Fund PLC and other companies

Published: Tuesday, 30 October 2012

The Financial Supervision Commission (“the Commission”) has made announcements concerning intervention in the affairs of the Louis Group Structured Fund PLC and other companies under the Commission’s powers or with the consent of the High Court. Further details are contained in announcements issued with this statement, which cover:

  • Louis Group Structured Fund PLC – appointment of persons to assume control of the affairs of the scheme, under section 13 of the Collective Investment Schemes Act 2008. Further details can be found here;
  • Louis Group (IOM) Limited - appointment of a manager under the Financial Services Act 2008. Further details can be found here;
  • Louis Group Structured Capital Limited, Louis Group International (Europe) Limited and LG SP Investments Ltd – appointment of joint liquidators provisionally on an ex parte basis pending a full hearing. Further details can be found here

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FSC press release, updated 25 Oct 2012, here

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