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Statement on Wyckoff Williams Investments Limited

22 Mar 24

Wyckoff Williams Investments Limited (“the Firm”) is registered with the Gibraltar Financial Services Commission (“GFSC”) to act as a Small AIFM (Self-Managed) (‘Private Fund’). The GFSC has taken action against the Firm for contraventions of the Financial Services (Alternative Investment Fund Managers) Regulations 2020 (“AIFM Regulations”) and the Financial Services (Fees) Regulations 2020 (“Fees Regulations”) in the following areas: 

  1. AIFM Regulations, Regulation 18(6) – Small AIFMs. The Firm failed to submit the 2020, 2021 and 2022 AIFM Reports 
  2. Fees Regulations, Regulation 4(1) – Fees. The Firm failed to pay their 2023/2024 Annual Fees 
  3. Fees Regulations, Regulation 9(1)(a) – Late Payments. The Firm failed to pay their 2023/2024 Administrative Fee 

In December 2023, the GFSC sent a Warning Notice informing the Firm that a failure to abide by both the AIFM Regulations and Fees Regulations, could result in the GFSC taking further action on the Firm. 

Regulatory Outcome: 

In January 2024, a Decision Notice has been issued by the GFSC withdrawing the Firm’s registration under Regulation 69(2)(l) of the Financial Services (Alternative Investment Fund Managers) Regulations 2020. 

The GFSC has decided to publish its regulatory outcome to ensure that public awareness is drawn to the fact that the Firm is no longer supervised or registered by the GFSC.