Decision Notice - Delphin Caribbean Resilience Fund L.P (2025-10-15)

Summary

This is a Decision Notice published by CIMA disclosing an enforcement action taken against the operators of Delphin Caribbean Resilience Fund L.P., a registered mutual fund. It follows an earlier Warning Notice dated 3 July 2025 and confirms that CIMA has cancelled the Fund's registration due to continued non-compliance with the Mutual Funds Act (2025 Revision).

• Breaches found: Failure to submit audited accounts within the prescribed period for financial years ending 31 December 2020, 2021, 2022, 2023 and 2024 (sections 8(1) and (2) of the Mutual Funds Act), and failure to pay annual fees and accrued penalties for 2025 (sections 9(1) and 9(3)).
• Action taken: CIMA cancelled the Fund's mutual fund registration under section 30(3)(a) of the Mutual Funds Act, effective 7 October 2025.
• Appeal rights: The Fund may appeal the cancellation decision to the Grand Court, following the procedure set out in section 36 of the Mutual Funds Act.

This notice is specific to this Fund and its operators; it does not create new general rules, but it illustrates CIMA's enforcement of the existing statutory obligations to file audited accounts and pay annual fees on time.

Key obligations

• Registered mutual funds must submit audited accounts to CIMA within the prescribed period each financial year (Mutual Funds Act sections 8(1) and (2))
• Registered mutual funds must pay their annual fees (and any accrued penalties) to CIMA (Mutual Funds Act sections 9(1) and 9(3))
• The Fund, if it wishes to challenge the cancellation, must appeal to the Grand Court following the procedure under section 36 of the Mutual Funds Act

Applies to

registered mutual funds, operators of mutual funds

Deadlines

• 07 October 2025: Effective date of CIMA's decision to cancel the Fund's registration
• 03 July 2025: Date of the prior Warning Notice referenced in this Decision Notice