Administrative Penalty $680.00 - Southagus Fund Ltd. (2016-02-23)

Summary

This is an enforcement notice published by the BVI Financial Services Commission recording a completed disciplinary action against a specific mutual fund. It does not create new rules or ongoing obligations for other entities; it simply discloses a penalty already imposed.

• Entity: Southagus Fund Ltd, matter ID BF101113/298
• Penalty: Administrative penalty of $680.00 imposed
• Basis: Contravention of regulation 10(4) of the Mutual Fund Regulations, 2010, for failing to provide a copy of its audited financial statements within six months after its financial year end of 31 December 2014

The notice serves as a public record of the Commission's enforcement action and illustrates the underlying statutory requirement for mutual funds to submit audited financial statements within six months of their financial year end, but it does not itself impose any new or continuing duty on readers.

Applies to

mutual funds