Enforcement Action

Enforcement Action: Administrative Penalty $49,000
Name of Entity: WORLD ARROW LIMITED
Date of Action: 03/03/2017
An administrative penalty in the amount of $49,000 was imposed on World Arrow Limited pursuant to sections 37(1)(a)(i) of the Financial Services Commission Act, 2001 and Schedule 1 of the Financial Services (Administrative Penalties) Regulations, 2007, for its contravention of section 4(1) of the Securities and Investment Business Act, 2010 for carrying on investment business without the appropriate licence.