Aggregated News From Investment Management Regulators

Meetings of contributories and creditors in respect of Montpelier (Trust & Corporate) Services Limited (“Montpelier”)

Report/Flag

Please complete the required fields.



Meetings of contributories and creditors in respect of Montpelier (Trust & Corporate) Services Limited (“Montpelier”)

Background

On 27 April 2020, the Isle of Man High Court issued an Order winding-up Montpelier pursuant to section 164(1)(d) of the Companies Act 1931 and appointing Dennis McGurgan of Grant Thornton (Isle of Man) Limited and Mike Saville of Grant Thornton UK LLP as joint provisional liquidators and deemed Official Receivers.  Further information can be found in the Authority’s statement of 4 May 2020 which can be found here.

Meetings

The provisional liquidators and deemed Official Receivers have given notice that the First Meeting of Contributories will take place at 10:00 am on Friday 19 June 2020 and the First Meeting of Creditors at 11:00 am on Friday 19 June 2020.  The notice states that the meetings will be held virtually through an electronic platform.

The notice sets out of the process by which contributories or creditors may attend or appoint a proxy holder, and the deadline (12:00 noon on the day before the meeting) by which proxies and proofs of debt must be lodged by post at the offices of Grant Thornton (isle of Man) Limited, P O Box 307, Exchange House, 54/62 Athol Street, Douglas IM99 2BE or by e-mail to [email protected].

The Authority makes this public statement under section 13(2) of the Financial Services Act 2008 on the ground that it is desirable in the interest of a class of persons to do so. A copy of this public statement has been sent to Montpelier.

If you wish to contact the joint provisional liquidators, please do so on [email protected].

[END OF PUBLIC STATEMENT]

Regulator Information

Abbreviation: IOMFSA
Jurisdiction: Isle of Man

Recent Articles

Revision of Recommendation 25 – White Paper for Public Consultation

The Financial Action Task Force (FATF) is conducting a review of Recommendation 25 (R.25) on the transparency and beneficial ownership (BO) of legal arrangements....

ASIC warns super trustees to be transparent in their underperformance communications to members

ASIC today released the findings from its review of superannuation trustees’ communications with their members following the first annual performance test for MySuper products. The...

EBA replies to European  Commission’s call for advice on the Mortgage Credit Directive review

The European Banking Authority (EBA) published today an Opinion and Report in response to the European Commission’s Call for Advice (CfA) on the review of the Mortgage Credit Directive (MCD) .

Get the latest from Regulatory.News in your inbox!

×