Decision Notice - Mutual Fund Registration Cancelled for Vita Nova Hedge Fund (2025-12-10)

Summary

This is a Decision Notice published by CIMA disclosing regulatory action taken against a specific registered mutual fund, Vita Nova Hedge Fund (Reg. #1801096), which is in official liquidation. It records that CIMA has cancelled the fund's mutual fund registration after the fund failed to remedy breaches identified in an earlier Warning Notice.

• Breaches found: Failure to prepare and submit audited accounts for years ended 2020 through 2024 (sections 8(1) and 8(2)), and failure to pay prescribed annual fees and accrued penalties for 2023, 2024 and 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 (2025 Revision), relying on grounds in sections 30(1)(a), (ba), (d) and (e), including inability to meet obligations, contravention of the Act, and a director (Mr. Jeremy Leach) being found not fit and proper.
• Effective date: The cancellation decision took effect on 25 November 2025.
• Appeal right: The fund has a right to appeal the decision to the Grand Court under section 36 of the Act.

This notice is informational and specific to the named fund and its Joint Official Liquidators; it does not create new ongoing obligations for other regulated entities, though it illustrates CIMA's enforcement approach to persistent audited accounts and fee filing breaches under the Mutual Funds Act.

Applies to

registered mutual funds, joint official liquidators, directors of regulated mutual funds

Deadlines

• 25 November 2025: Effective date of CIMA's decision to cancel the mutual fund registration of Vita Nova Hedge Fund.