Administrative Penalties for late filing of Accounts & Reports
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The Financial Services Commission (?FSC?) has, under section 93 of the Financial Services Act 2007, issued a new set of Rules which introduces, for the first time, financial administrative penalties for non-compliance of obligations.
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http://intercontinentaltrust.com/wp-content/uploads/2016/09/ITL-Newsletter-Vol-6-Issue-17-Financial-Services-Administrative-Penalties.pdf
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