Decision Notice - Securities - Registered Person Registration Cancelled for CCAM Co. Ltd (2025-06-04)

Summary

This is a Decision Notice from CIMA cancelling the registration of CCAM Co. Ltd as a Securities - Registered Person under the Securities Investment Business Act. It follows an earlier Warning Notice and sets out the breaches that led to cancellation, effective 12 May 2025.

• Breaches found: Failure to file annual declarations for 2024 and 2025 (section 5(4E)(a)); failure to pay prescribed annual fees and accrued penalties for 2024 and 2025 (section 5(4E)(b)); failure to maintain the required minimum directors or compliant corporate director (section 15(4)(a)).
• Additional concerns: Suspected breach of section 34(17)(a) of the Monetary Authority Act for failing to comply with a CIMA requirement/direction, and failure to maintain a Registered Office as required by section 50(1) of the Companies Act.
• Action taken: CIMA cancelled CCAM Co. Ltd's registration as a Securities - Registered Person under section 17(2A)(a) of the Securities Investment Business Act, on grounds under section 17(2)(a), (c), (e) and (f).
• Publication reason: Notice posted publicly because CIMA was unable to locate or correspond with the Registrant despite reasonable efforts.
• Appeal: The Registrant may appeal the decision to the Grand Court under section 22 of the Act.

This notice is specific to CCAM Co. Ltd and its sole director and does not impose new ongoing obligations on other registrants, though it signals CIMA's enforcement approach to non-filing, non-payment, and director/registered office deficiencies.

Applies to

Securities Registered Persons, directors of registered persons

Deadlines

• 12 May 2025: Effective date of CIMA's decision to cancel CCAM Co. Ltd's registration as a Securities - Registered Person.