Decision Notice - John David Geraci (Cancellation) (2019-10-29)

Summary

This is a Decision Notice issued by CIMA cancelling the director registration of Mr. John David Geraci. It follows an earlier suspension of his registration and his subsequent failure to comply with the terms of that suspension notice.

• Background: CIMA had suspended Mr. Geraci's director registration on 18 October 2018 under section 25(2)(a) of the Directors Registration and Licensing Law, 2014 (as amended).
• Action taken: CIMA cancelled his director registration under section 25(2)(a) of the DRLL after he failed to comply with the Notice of Suspension.
• Reasons: Under section 25(1)(b) and (e) of the DRLL, CIMA determined that Mr. Geraci is not a fit and proper person to hold a position as a registered, professional or corporate director.
• Effective date: The cancellation decision took effect on 28 October 2019.

This notice is informational and specific to Mr. Geraci; it records a completed regulatory enforcement action rather than imposing new ongoing obligations on other regulated persons.

Applies to

registered directors, professional directors, corporate directors

Deadlines

• 28 October 2019: Effective date of CIMA's decision to cancel Mr. Geraci's director registration.