Public Statement 17 of 2026 - Calafort Fund Administration Ltd

Summary

This is a public statement issued by the BVI Financial Services Commission (FSC) announcing the revocation of the investment business licence held by Calafort Fund Administration Ltd. The FSC issued the statement under section 37A(2)(c)(i) and (ii) of the Financial Services Commission Act, 2001, citing multiple ongoing regulatory contraventions by the Company.

• Annual fees: Failure to remit annual fees payable for 2023, 2024, 2025 and 2026.
• AML/CFT Returns: Failure to submit AML/CFT Returns for 2021, 2022, 2023, 2024 and 2025.
• Investment Business Annual Returns: Failure to submit these returns for 2023, 2024 and 2025.
• Audited financial statements: Failure to submit audited financial statements for reporting years 2022, 2023, 2024 and 2025.
• Compliance officer reports: Failure to submit compliance officer reports for reporting years 2023, 2024 and 2025.
• Other compliance failures: Likely failures of other compliance obligations.

Effective 3 August 2026, the FSC revoked the Company's licence issued under the Securities and Investment Business Act, 2010, pursuant to sections 37(1)(a), 37(2)(a) and 38(1)(a) of the FSC Act. The FSC confirms the Company is no longer licensed to conduct any financial services business in or from within the Virgin Islands.

Applies to

investment business licensees, securities investment business firms, fund administrators

Deadlines

• 3 August 2026: Effective date of the revocation of Calafort Fund Administration Ltd's investment business licence