Administrative Penalty $6,000.00 - Mint Capital Advisers Limited (2014-10-16)

Summary

This is an enforcement notice published by the BVI Financial Services Commission recording that it imposed a $6,000.00 administrative penalty on Mint Capital Advisers Limited. The penalty was for carrying on investment business in or from within the Virgin Islands without holding the required licence, in contravention of section 4(1) of the Securities and Investment Business Act, 2010.

• Penalty: $6,000.00 administrative penalty imposed on Mint Capital Advisers Limited
• Breach: Contravention of section 4(1) of the Securities and Investment Business Act, 2010, by conducting investment business without an authorising licence
• Matter reference: Matter ID BF101113/224

The notice is a record of a completed enforcement action against a named entity and does not itself create new ongoing obligations for other regulated persons.

Applies to

persons carrying on investment business