Administrative Penalty $1,750.00 - Craigmuir Authorised Representative Limited (2017-08-03)

Summary

This is an enforcement action notice published by the BVI Financial Services Commission (FSC) announcing an administrative penalty imposed on Craigmuir Authorised Representative Limited. It is purely informational, recording a past enforcement decision rather than creating any ongoing rule or requirement for the wider industry.

• Penalty: $1,750.00 imposed on Craigmuir Authorised Representative Limited
• Legal basis: Section 54A(3) of the Financial Services Commission Act, 2001
• Breach: Failure to submit the audited financial statements of a fund, for which it provides authorised representative services, within six months of the fund's financial year end of 31 December 2014
• Matter ID: BF101113/392

The notice does not impose new obligations on other entities; it is a record of an individual enforcement outcome against one authorised representative for a historic filing failure.

Applies to

authorised representatives, funds