Fine $4,000.00 - Archway Commodities Ltd. (2015-05-10)

Summary

This is a public enforcement notice from the BVI Financial Services Commission announcing that it imposed a fine of $4,000.00 on Archway Commodities Ltd. The action relates to the company carrying on business as a mutual fund in or from within the Virgin Islands without being authorised to do so.

• Entity fined: Archway Commodities Ltd.
• Fine amount: $4,000.00
• Contravention: Section 41(1)(a) of the Securities and Investment Business Act, 2010, for carrying on business as a mutual fund without authorisation
• Matter ID: BF101113/294

The notice is purely informational, recording a completed enforcement outcome; it does not itself impose any ongoing compliance obligation on other entities, though it signals the Commission's continued enforcement of the authorisation requirement for persons carrying on mutual fund business.

Applies to

mutual funds, investment business