Administrative Penalty $330.00 - GABELLI INTERNATIONAL LIMITED (2016-04-15)

Summary

This is a published enforcement notice from the BVI Financial Services Commission recording an administrative penalty imposed on Gabelli International Limited, a mutual fund entity. It is purely informational, disclosing a past enforcement outcome rather than creating new ongoing requirements.

• Penalty: An administrative penalty of $330.00 was imposed on Gabelli International Limited.
• Contravention: The penalty relates to a breach of section 10(4) of the Mutual Funds Regulations, 2010.
• Underlying failure: The entity failed to provide a copy of its audited financial statements within six months after its financial year end of 31 December 2014.
• Reference: Matter ID: BF101113/309.

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

Deadlines

• within six months after financial year end: Deadline under section 10(4) of the Mutual Funds Regulations, 2010 for providing audited financial statements, which Gabelli International Limited failed to meet for its financial year ended 31 December 2014.