Administrative Penalty $3,500.00 - WPC Fund Ltd. (2017-09-02)

Summary

This is a Financial Services Commission enforcement notice publishing a specific disciplinary action taken against WPC Fund Ltd, a mutual fund regulated in the British Virgin Islands. It is purely informational, recording a penalty already imposed rather than setting new rules.

• Penalty: An administrative penalty of $3,500.00 was imposed on WPC Fund Ltd.
• Contravention: The fund breached section 10(4) of the Mutual Funds Regulations, 2010 by failing to provide a copy of its audited financial statements within six months after its financial year end of 31 December 2014.
• Reference: The matter is recorded under Matter ID BF101113/340.

The notice serves as a public record of the enforcement outcome and does not itself create ongoing obligations, though it illustrates the Commission's enforcement of the audited financial statement filing deadline under the Mutual Funds Regulations, 2010.

Applies to

mutual funds