Revocation of Licenses/Certificate - F3 Ethical Developing Fund Limited (2012-03-22)

Summary

This is a public enforcement notice from the BVI Financial Services Commission announcing that it revoked the certificate of recognition held by F3 Ethical Developing Fund Limited, an entity in the investment business sector. The action was taken because the fund failed to pay its annual recognition fees for the prescribed or approved period, in breach of Regulation 2 of the Financial Services Commission (Securities and Investment Business Fees) (Amendment) Regulations, 2010.

• Entity affected: F3 Ethical Developing Fund Limited (Matter ID: INV0127/018)
• Action taken: Revocation of its certificate of recognition
• Reason: Failure to pay annual recognition fees within the prescribed or approved period, contrary to Regulation 2 of the Financial Services Commission (Securities and Investment Business Fees) (Amendment) Regulations, 2010

This notice is informational: it records a past enforcement action against a specific named fund rather than creating any new ongoing requirement for other regulated entities. It serves as a public record and a reminder that recognized funds must keep their annual recognition fees current or risk revocation.

Applies to

recognized funds, investment business entities