Decision Notice - Ryan Kim Ashley Bateman (2017-10-17)

Summary

This is a Decision Notice published by CIMA documenting an enforcement action taken against a named individual, Mr. Ryan Kim Ashley Bateman, who served as sole director of two entities (B & C Capital Ltd. and Bateman & Company Ltd.). It is a public record of a completed regulatory decision rather than a rule imposing ongoing obligations on the public.

• Action taken: CIMA cancelled Mr. Bateman's director registration under section 25(2)(a) of the Directors Registration and Licensing Law, 2014 (as amended).
• Grounds: CIMA found, under sections 25(1)(a), (d) and (e) of the DRLL, that he was carrying on business in a manner detrimental to the public interest and to the interests of the covered entities, was not acting as a fit and proper registered director, and was not a fit and proper person to hold that position.
• Underlying failure: He failed to comply with any of the directions issued in CIMA's earlier Decision Notice of 7 June 2016, gave no adequate explanation, and did not seek an extension of time to comply.
• Effective date: The cancellation decision is stated as effective 30 June 2016, despite the notice being dated 17 October 2017.

There are no continuing compliance requirements imposed on third parties by this notice; it serves as a public record of the cancellation of one individual's director registration.

Applies to

registered directors, director registration licensees

Deadlines

• 30 June 2016: Stated effective date of the Authority's decision to cancel the director registration