14 January 2014

Signed by: Christopher Grout, Acting Registrar of the QFC Regulatory Tribunal on behalf of the Tribunal

Introduction

1. On 6 June 2010 the Court made an order for the winding up of the AI Mal Bank LLC ("the Bank"), pursuant to Articles 77(2) and 78(1)(A) of the QFC Insolvency Regulations ("the Regulations''), and appointed Joanne Kim Rolls and Steven John Parker, who were insolvency practitioners in RSM Tenon, to act as Joint Liquidators ("the Joint Liquidators"). The Bank had been incorporated on 3 December 2008, and on 16 August 2009 it had been authorised to commence regulated business activities.

2. The Joint Liquidators applied to the Com1 on 15 March 2013 requesting the Court, inter alia, to approve the destruction of the Bank's books and records one year after the final accounts are filed. The Court was informed by the Liquidators that they hold approximately 35 boxes containing the Bank's books and records.