Decision Notice - Director Registration Cancelled for Christopher Flinos (2025-06-13)

Summary

This is a Decision Notice published by CIMA disclosing enforcement action taken against a named individual, Mr. Christopher Flinos, who was registered as a director under the Directors Registration and Licensing Act, 2014 (as amended). It records that CIMA has cancelled his director registration after finding he was not a fit and proper person to hold such a position. It is informational and applies only to this individual; it does not create new rules for the wider industry.

• Basis for action: Mr. Flinos remained in breach of section 6(2) of the Act by failing to provide information to the Authority in the prescribed form and failing to pay prescribed annual fees for 2024 and 2025.
• Finding: CIMA found him not fit and proper to hold a position as registered director, professional director or corporate director, and that he had contravened the Act and was not carrying on business as a registered director in a fit and proper manner.
• Action taken: CIMA cancelled his director registration pursuant to section 25(2)(a) of the Act, effective 05 June 2025.
• Appeal rights: Mr. Flinos has the right to appeal the decision to the Grand Court under the procedure set out in section 27(5) of the Act.

For other registered directors, the underlying obligations referenced in this notice, namely providing required information in the prescribed form and paying annual fees to CIMA on or before 15 January each year, remain standing requirements under the Act; failure to comply can lead to cancellation of registration as illustrated by this case.

Applies to

registered directors, professional directors, corporate directors

Deadlines

• 05 June 2025: Effective date of CIMA's decision to cancel Mr. Flinos's director registration.