Administrative Penalty $2,000.00 - EAGLE CONSTELLATION FUND, LTD. (2017-09-02)

Summary

This is a published enforcement notice from the BVI Financial Services Commission announcing an administrative penalty imposed on Eagle Constellation Fund, Ltd. It is a one-off historical disclosure of a completed enforcement action, not a rule or policy that creates ongoing obligations for other entities.

• Penalty: An administrative penalty of $2,000.00 was imposed on Eagle Constellation Fund, Ltd.
• Contravention: The fund breached section 10(4) of the Mutual Funds Regulations, 2010 by failing to provide a copy of its audited financial statements within six months after its financial year end of 31 December 2014.
• Reference: Matter ID BF101113/336.

The notice serves as a public record of the fine and the underlying breach; it does not itself impose new requirements on other funds beyond the pre-existing statutory duty to file audited financial statements within six months of financial year end.

Key obligations

• Mutual funds must provide a copy of their audited financial statements to the Commission within six months after their financial year end, as required by section 10(4) of the Mutual Funds Regulations, 2010.

Applies to

mutual funds