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Isle of Man : Louis Group Structured Fund PLC and other companies.

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:

1) 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.

2) Louis Group (IOM) Limited - appointment of a manager under the Financial Services Act 2008.

3) 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.

The FAQ sheet includes information for investors in:

1) Louis Group Structured Fund PLC

2) Secured Loan Notes ( SLNs )

3) Property Investment & Cessation of Securities Agreements ( PICS )

4) Property investment companies.

2012 Al Bawaba (Albawaba.com)

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Publication:Mena Report
Article Type:Brief article
Geographic Code:4EUUI
Date:Oct 6, 2012
Words:166
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