Warning Letter - IMARA ASSET MANAGEMENT LIMITED (2016-09-11)

Summary

This is an enforcement notice published by the BVI Financial Services Commission disclosing that it issued a warning letter to Imara Asset Management Limited. The letter was issued for contravention of section 40B(2) of the Financial Services Commission Act, 2001, arising from the firm carrying on business in breach of the conditions of its licence during the period 1 August 2011 to 13 August 2015.

• Entity: Imara Asset Management Limited (Matter ID: BF101113/307)
• Breach: Contravention of section 40B(2) of the Financial Services Commission Act, 2001, for carrying on business in breach of the conditions of its licence
• Period: 1 August 2011 to 13 August 2015
• Action taken: Issuance of a warning letter by the Commission

This is a public disclosure of a completed enforcement action rather than a rule or guidance document, so it does not impose new ongoing obligations on the wider industry; it serves as a record and general deterrent regarding compliance with licence conditions.

Applies to

investment business licensees, securities investment business firms