Administrative Penalty $3,500.00 - REAL EAST FUND LTD. (2017-02-16)

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing an administrative penalty imposed on Real East Fund Ltd. It is a one-off public disclosure of a completed enforcement action, not a rule or guidance document that creates ongoing obligations for other entities.

• Penalty: $3,500.00 imposed on Real East Fund Ltd.
• Contravention: Breach 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 BF101113/345.

The notice serves as a record of the Commission's enforcement action rather than imposing new requirements on the wider industry, though it illustrates the Commission's expectation that mutual funds file audited financial statements within six months of financial year end.

Applies to

mutual funds