Administrative Penalty $5,200.00 - Kalix Fund Limited (2016-12-22)

Summary

This is an enforcement notice from the BVI Financial Services Commission announcing an administrative penalty imposed on Kalix Fund Limited. It is a historical record of a completed enforcement action rather than an ongoing rule, and it names the specific breach and fine amount.

• Penalty: $5,200.00 administrative penalty imposed on Kalix Fund Limited
• Contravention: Failure to submit audited financial statements within six months after its financial year end of 30 June 2014, in breach of section 71(1) of the Securities and Investment Business Act, 2010
• Matter reference: Matter ID BF101113/305

The notice serves as a public record of the sanction and does not itself create new ongoing obligations for other entities, though it illustrates the Commission's enforcement of the audited financial statement filing deadline under section 71(1) of the SIBA.

Key obligations

• Mutual funds and other entities regulated under the Securities and Investment Business Act, 2010 must submit audited financial statements within six months after their financial year end, per section 71(1)

Applies to

mutual funds, investment business licensees