Administrative Penalty $2,000.00 - Craigmuir Authorised Representative Limited (2017-01-13)

Summary

This is a published enforcement action notice from the British Virgin Islands Financial Services Commission (FSC) disclosing that it imposed an administrative penalty on Craigmuir Authorised Representative Limited. It is purely informational, recording a completed enforcement decision rather than creating new ongoing requirements.

• Penalty: A $2,000.00 administrative penalty was imposed under Section 54A(3) of the Financial Services Commission Act, 2001.
• Underlying failure: Craigmuir Authorised Representative Limited failed 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.
• Reference: The matter is recorded under Matter ID BF101113/382.

The notice serves as a public record of the penalty and does not itself impose new compliance duties on other entities, though it illustrates the FSC's enforcement of the statutory requirement for funds and their authorised representatives to file audited financial statements on time.

Applies to

authorised representatives, funds