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Prolifico Fund Management Ltd.

Enforcement Action
Enforcement Action:
Enforcement Summary:
An administrative penalty in the amount of $7,500.00 was imposed on Prolifico Fund Management Ltd. for its contravention of the following legislation: (a) section 11(2) of the Securities and Investment Business Act, 2010 (SIBA) for failing to obtain the Commission;s prior written approval for the acquisition by a third party of a significant interest in the licensee; and (b) section 11(3)(a) of SIBA for permitting or acquiescing to the transfer by its shareholder of a significant interest in the licensee without obtaining the Commission;s prior written approval.
Matter ID: