Administrative Penalty $1,750.00 - Craigmuir Authorised Representative Limited (2017-02-17)

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing that it imposed an administrative penalty of $1,750.00 on Craigmuir Authorised Representative Limited. The penalty relates to a failure to provide a copy of a fund's audited financial statements within six months after the fund's financial year end of 31 December 2014, contrary to section 54A(3) of the Financial Services Commission Act, 2001.

• Entity penalised: Craigmuir Authorised Representative Limited
• Penalty amount: $1,750.00
• Basis: Section 54A(3) of the Financial Services Commission Act, 2001
• Underlying breach: Failure to provide a copy of the fund's audited financial statements within six months of the fund's financial year end (31 December 2014)
• Matter reference: BF101113/390

This notice is purely a record of a completed enforcement action and does not itself impose any new or ongoing obligations on other entities. It serves as a public reminder that funds and their authorised representatives are required to submit audited financial statements to the Commission within six months of the fund's financial year end.

Applies to

authorised representatives, funds