Warning Letter - AG OFFSHORE CONVERTIBLES LTD. (2015-02-09)

Summary

This is a published enforcement notice from the BVI Financial Services Commission recording a warning letter issued to AG Offshore Convertibles Ltd. It is a historical record of a specific enforcement action rather than a rule of general application.

• Entity: AG Offshore Convertibles Ltd., a mutual fund
• Breach: Contravention of regulation 7(5) of the Mutual Funds Regulations, 2010
• Conduct: Failure to notify the Commission of the appointment of SEI Global Services, Inc. as administrator within the period prescribed by the Regulations
• Action taken: The Commission issued a warning letter (Matter ID: BF101113/259)

The notice itself does not impose new ongoing obligations on other entities, but it serves as a reminder that mutual funds must notify the Commission of administrator appointments within the timeframe set by regulation 7(5) of the Mutual Funds Regulations, 2010.

Key obligations

• Mutual funds must notify the Commission of the appointment of an administrator within the period prescribed by regulation 7(5) of the Mutual Funds Regulations, 2010

Applies to

mutual funds