Administrative Penalty $3,500.00 - Mandarin Offshore L.P. (2017-02-16)

Summary

This is a short enforcement notice published by the British Virgin Islands Financial Services Commission announcing an administrative penalty against Mandarin Offshore L.P. It is purely informational, recording a past enforcement action rather than imposing any new ongoing requirement on other entities.

• Penalty imposed: $3,500.00 administrative penalty against Mandarin Offshore L.P.
• Basis: 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 BF101113/344.

The notice serves as a public record of the enforcement outcome and does not itself create new obligations for other regulated entities, though it reflects the Commission's ongoing enforcement of the financial statement filing deadline under the Mutual Funds Regulations.

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