Administrative Penalty $2,250.00 - Crestwood Capital Master Fund, Ltd. (2016-12-13)

Summary

This is an enforcement action notice published by the BVI Financial Services Commission announcing an administrative penalty imposed on Crestwood Capital Master Fund, Ltd. It is a factual record of a completed enforcement outcome rather than a rule that imposes new obligations on other entities.

• Penalty: An administrative penalty of $2,250.00 was imposed on Crestwood Capital Master Fund, Ltd.
• Breach: Contravention of section 10(4) of the Mutual Funds Regulations, 2010, for 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 BF101113/328.

The notice serves as a public record and reminder to mutual funds of the audited financial statement filing requirement under the Mutual Funds Regulations, 2010, rather than creating a new obligation itself.

Key obligations

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

Applies to

mutual funds

Deadlines

• within six months after financial year end: Deadline under section 10(4) of the Mutual Funds Regulations, 2010 for mutual funds to provide a copy of audited financial statements