Administrative Penalty $3,000.00 - Prime Star Equities Offshore, L.P. (2017-02-16)

Summary

This is an enforcement notice published by the British Virgin Islands Financial Services Commission announcing a completed administrative penalty against a mutual fund. It is purely informational and does not create any new ongoing rule or obligation for the wider industry, though it illustrates the Commission's enforcement of financial statement filing requirements under the Mutual Funds Regulations, 2010.

• Entity penalized: Prime Star Equities Offshore, L.P.
• Penalty amount: $3,000.00
• Contravention: 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.
• Matter reference: BF101113/342

Applies to

mutual funds