Administrative Penalty $49,000 - WORLD ARROW LIMITED (2017-03-03)

Summary

This is an enforcement notice published by the BVI Financial Services Commission announcing that it imposed an administrative penalty of $49,000 on World Arrow Limited. The penalty was for carrying on investment business without the required licence, in breach of the Securities and Investment Business Act, 2010.

• Entity: World Arrow Limited (Matter ID: BF101113/391)
• Penalty: $49,000 administrative penalty
• Legal basis: Imposed under section 37(1)(a)(i) of the Financial Services Commission Act, 2001 and Schedule 1 of the Financial Services (Administrative Penalties) Regulations, 2007
• Contravention: Section 4(1) of the Securities and Investment Business Act, 2010, carrying on investment business without the appropriate licence

This is a historical enforcement disclosure with no ongoing compliance obligations for other entities; it serves as a public record of a completed penalty action against a specific unlicensed operator.

Applies to

persons or entities carrying on investment business without a licence