Decision Notice - Director Registration Cancelled for Gordon Kenneth Ferguson (2023-08-16)

Summary

This is a Decision Notice extract published by CIMA confirming that the director registration of Mr. Gordon Kenneth Ferguson (Director Registration #2777003) has been cancelled under the Directors Registration and Licensing Act, 2014 (as amended). The action follows an earlier Warning Notice dated 2 March 2023 and relates to ongoing breaches by the individual, not a rule change affecting the wider industry.

• Breach found: Mr. Ferguson remained in breach of section 6(2) of the Act by failing to provide required information to CIMA in the prescribed form and failing to pay prescribed annual fees for 2021, 2022 and 2023 by 15 January of each respective year.
• Action taken: CIMA cancelled his director registration pursuant to section 25(2)(a) of the Act.
• Basis: CIMA formed the opinion, under section 25(1)(b) of the Act, that he had contravened the Act.
• Effective date: The cancellation decision took effect on 9 August 2023.

The notice is informational in nature, documenting a completed enforcement action against a named individual rather than creating new ongoing obligations for other registered directors, though it illustrates CIMA's enforcement of the existing statutory duty to file information and pay annual fees on time.

Key obligations

• Registered directors must provide information to CIMA in the prescribed form as required under section 6(2) of the Directors Registration and Licensing Act, 2014
• Registered directors must pay the prescribed annual fees to CIMA on or before 15 January in each calendar year

Applies to

registered directors

Deadlines

• 15 January in each calendar year: Deadline by which registered directors must pay prescribed annual fees to CIMA (breach of this deadline for 2021-2023 was cited as grounds for cancellation)
• 9 August 2023: Effective date of CIMA's decision to cancel Mr. Ferguson's director registration