Administrative Penalty $8,000.00 - Capitalworks International Private Equity Advisors Limited (2014-03-28)

Summary

This is a published enforcement notice from the BVI Financial Services Commission recording an administrative penalty imposed on Capitalworks International Private Equity Advisors Limited. It is a historical record of a completed enforcement action rather than a document that imposes ongoing obligations on the wider industry.

• Penalty: An administrative penalty of $8,000.00 was imposed on Capitalworks International Private Equity Advisors Limited.
• Contravention: The entity carried on investment business in or from within the Virgin Islands without holding a licence authorising it to do so, contrary to section 4(1) of the Securities and Investment Business Act, 2010.
• Matter reference: Matter ID BF101113/187.

The notice serves as a public record of enforcement action and a reminder that carrying on investment business without the required licence is a contravention that can attract administrative penalties. It does not itself create new compliance requirements beyond the underlying licensing obligation under the Securities and Investment Business Act, 2010.

Key obligations

• Persons carrying on investment business in or from within the Virgin Islands must hold a licence authorising that kind of investment business, as required by section 4(1) of the Securities and Investment Business Act, 2010.

Applies to

investment business licensees, unlicensed persons carrying on investment business