Decision Notice - Director Registration Cancelled for Jianxin Yu (2023-11-27)

Summary

This is a Decision Notice issued by CIMA cancelling the director registration of Ms. Jianxin Yu (Director Registration #2824135) under the Directors Registration and Licensing Act, 2014. It follows an earlier Warning Notice and documents CIMA's finding that Ms. Yu remained in breach of her statutory obligations.

• Breach found: Failure to provide information to CIMA in the prescribed form and failure to pay prescribed annual fees for 2021, 2022 and 2023 by 15 January of each year, contrary to section 6(2) of the Act.
• Action taken: CIMA cancelled Ms. Yu's director registration under section 25(2)(a) of the Act, based on its opinion under section 25(1)(b) that she contravened the Act.
• Effective date: The cancellation took effect on 21 November 2023.
• Appeal rights: Ms. Yu has a right of appeal to the Cayman Islands court under section 27(5) of the Act.

This notice is specific to Ms. Yu's individual registration and does not itself create new obligations for other registrants, but it illustrates CIMA's enforcement of existing statutory filing and fee-payment duties for registered directors.

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 CIMA's prescribed annual fees on or before 15 January of each calendar year.

Applies to

registered directors (individuals registered under the Directors Registration and Licensing Act)

Deadlines

• 15 January in each calendar year: Deadline for registered directors to pay prescribed annual fees to CIMA.
• 21 November 2023: Effective date of CIMA's decision to cancel Ms. Yu's director registration.