Warning Letter - Asymmetric Arbitrage, Ltd. (2014-06-03)

Summary

This is a public enforcement notice from the BVI Financial Services Commission stating that it issued a warning letter to Asymmetric Arbitrage, Ltd. The warning was for contravening section 41 of the Securities and Investment Business Act, 2010 by carrying on business as a mutual fund in or from within the Virgin Islands without the required authorization.

• Entity warned: Asymmetric Arbitrage, Ltd.
• Breach cited: Section 41 of the Securities and Investment Business Act, 2010, which covers carrying on business as a mutual fund without proper recognition or registration.
• Matter reference: BF101113/200

The notice is informational and records a completed enforcement action; it does not itself create ongoing compliance obligations for other market participants, though it signals the Commission's active enforcement of mutual fund registration requirements.

Applies to

mutual funds, persons carrying on investment business without authorization