Administrative Penalty $3,000.00 - Craigmuir Authorised Representative Limited (2017-01-13)

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing that it imposed an administrative penalty of $3,000.00 on Craigmuir Authorised Representative Limited. The penalty was levied under Section 54A(3) of the Financial Services Commission Act, 2001 for failing to provide a fund's audited financial statements within the required six month period after the fund's financial year end.

• Entity penalised: Craigmuir Authorised Representative Limited
• Penalty amount: $3,000.00
• Legal basis: Section 54A(3) of the Financial Services Commission Act, 2001
• Breach: Failure to provide a copy of the fund's audited financial statements within six months after the fund's financial year end of 31 December 2014
• Reference: Matter ID BF101113/351

This notice is a record of a past enforcement action rather than a document that imposes ongoing obligations on other entities. It serves as a public alert confirming the penalty was imposed and the underlying failure that triggered it.

Applies to

authorised representatives, funds