Uniworld Global Management Ltd - ADVISORY WARNING

Summary

This is a public advisory warning issued by the British Virgin Islands Financial Services Commission (FSC) concerning Uniworld Global Management Ltd. The Commission states that this company is not licensed to provide management services to mutual funds under the Mutual Funds Act, 1996, but appears to be conducting mutual fund business regardless.

• Entity named: Uniworld Global Management Ltd, with listed addresses in the British Virgin Islands, United States, United Kingdom, and Australia.
• Alleged conduct: The company appears to be purporting to offer management services to a hedge fund named Uniworld Global Fund One.
• Regulatory status: Neither Uniworld Global Management Ltd nor Uniworld Global Fund One is regulated, or has applied to be regulated, under the Mutual Funds Act, 1996 (as amended).
• Public guidance: Members of the public are advised to exercise extreme caution in dealing with this company.

This is an informational alert rather than a rule change; it does not impose compliance obligations on licensed entities but warns the public and industry to avoid dealing with the named unlicensed operator.

Applies to

general public, unlicensed persons purporting to conduct mutual fund business