Decision Notice - Securities Registration Cancelled for RC Advisory Limited (2026-06-04)

Summary

This is a Decision Notice published by CIMA announcing that it has cancelled the Securities Investment Business Act registration of RC Advisory Limited (Reg. #1821536) as a Securities Registered Person. The notice was issued after a prior Warning Notice (13 January 2026) and after CIMA was unable to locate or correspond with the Registrant, prompting public posting.

• Securities Investment Business Act breaches: Failure to file annual declarations for 2023 to 2025 (s.5(4E)(a)); failure to pay prescribed annual fees and accrued penalties, including the 2025 fee increase (s.5(4E)(b)); failure to maintain the minimum required directors under s.15(4)(a).
• AML regulatory breaches: Reason to believe the Registrant failed to designate an Anti-Money Laundering Compliance Officer (Regulation 3) and failed to designate a Money Laundering Reporting Officer and Deputy MLRO (Regulation 33(1) and (2)).
• Companies Act breach: Reason to believe the Registrant failed to maintain a Registered Office under section 50(1) of the Companies Act.
• Action taken: CIMA cancelled the Registrant's registration as a Securities Registered Person under section 17(2A)(a) of the Act, on grounds under section 17(2)(a) and (c) that the Registrant is or appears likely to be unable to meet its obligations and has contravened the Act and AMLRs.
• Appeal: The Registrant has a right to appeal the decision to the Grand Court under the procedure set out in section 22 of the Act.

The notice is specific to this named entity and its sole director; it does not create new general rules, but it illustrates ongoing statutory duties (annual declarations, fee payment, director composition, AML officer designations, registered office maintenance) that securities registrants must satisfy to avoid similar enforcement action.

Key obligations

• Securities investment business registrants must file annual declarations under section 5(4E)(a) of the Securities Investment Business Act.
• Registrants must pay prescribed annual fees and any accrued penalties under section 5(4E)(b), including applicable fee increases.
• Registrants must maintain a minimum of two individual directors, or one corporate director complying with the Directors Registration and Licensing Act, under section 15(4)(a).
• Registrants must designate a manager-level Anti-Money Laundering Compliance Officer under Regulation 3 of the AMLRs.
• Registrants must designate a manager-level Money Laundering Reporting Officer and a Deputy MLRO under Regulation 33(1) and (2) of the AMLRs.
• Registrants must maintain a Registered Office under section 50(1) of the Companies Act.
• The Registrant may appeal CIMA's cancellation decision to the Grand Court following the procedure in section 22 of the Securities Investment Business Act.

Applies to

Securities Registered Persons, securities investment business registrants, directors of registered entities

Deadlines

• 2 June 2026: Effective date of CIMA's decision to cancel RC Advisory Limited's securities registration.