Company fails to persuade FSC to move TLP fund to cayman islands
The Isle of Man regulator has applied to court for Shepherds' four funds domiciled in the jurisdiction to be put into liquidation. PricewaterhouseCooper's Michael Simpson was appointed provisional liquidator on 6 May and a court hearing will take place on 13 June in a bid to make the appointment permanent. When contacted by International Investment, the Isle of Man Financial Services Commission (FSC) said it could not reveal the reasons why it has applied for liquidation for the Shepherds Select, Safeguard High Security, Traded Life Policy (TLP) and Traded Endowment Policies (Tep) funds. S...
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