Administrative Penalty $2,000.00 - JL INTERNATIONAL FUND, LTD. (2017-09-02)

Summary

This is a notice from the British Virgin Islands Financial Services Commission publicizing an enforcement action taken against JL International Fund, Ltd. It records that the Commission imposed a fixed administrative penalty for a specific regulatory breach; it does not itself create new rules or ongoing obligations for other entities.

• Penalty imposed: $2,000.00 administrative penalty against JL International Fund, Ltd.
• Breach: Contravention of section 10(4) of the Mutual Funds Regulations, 2010, for failing to provide a copy of audited financial statements within six months after the fund's financial year end of 31 December 2014.
• Reference: Matter ID BF101113/335, published as part of the Commission's enforcement action alerts.

Applies to

mutual funds