Administrative Penalty $6,000.00 - WISE TRAIN LIMITED (2016-12-13)

Summary

This is an enforcement notice published by the BVI Financial Services Commission recording an administrative penalty imposed on Wise Train Limited. It confirms the penalty amount, the legal basis for the contravention, and the matter reference, but does not itself create any new ongoing regulatory requirement.

• Penalty imposed: $6,000.00 administrative penalty imposed on Wise Train Limited
• Contravention: Breach of section 4(1) of the Securities and Investment Business Act, 2010, for carrying on investment business (managing investments) in or from within the Virgin Islands without holding a licence authorising it to do so
• Matter reference: Matter ID BF101113/330

The notice serves as a public record of enforcement action rather than a rule or guidance document, and does not impose new obligations on other regulated entities.

Applies to

investment business licensees, persons carrying on investment business (managing investments)