Decision Notice - Securities Registration Cancelled for RSIF Management Limited (2026-06-04)

Summary

This is a Decision Notice issued by CIMA cancelling the registration of RSIF Management Limited as a Securities Registered Person under the Securities Investment Business Act. It follows an earlier Warning Notice and details multiple ongoing breaches that CIMA was unable to resolve because it could not locate or contact the registrant.

• Securities Investment Business Act breaches: Failure to file annual declarations for 2023 to 2025 (section 5(4E)(a)); failure to pay prescribed annual fees and accrued penalties for 2023 to 2025, including the 2025 fee increase (section 5(4E)(b)); failure to maintain the required minimum of two individual directors or one compliant corporate director (section 15(4)(a)).
• AML breaches: Failure to designate an Anti-Money Laundering Compliance Officer (Regulation 3) and failure to designate a Money Laundering Reporting Officer and Deputy MLRO (Regulation 33(1) and (2)) under the Anti-Money Laundering Regulations.
• Companies Act breach: Failure to maintain a Registered Office as required by section 50(1) of the Companies Act.
• Action taken: CIMA cancelled the registrant's status as a Securities Registered Person under section 17(2A)(a) of the Act, effective 2 June 2026, on the grounds that the registrant appears unable to meet its obligations and has contravened the Act and AML Regulations.

The notice is published because CIMA could not reach the registrant directly, and it warns that this lack of communication may be taken into account in future fitness and propriety assessments of the registrant, its directors, or related entities. The registrant has a right of appeal to the Grand Court under section 22 of the Act.

Applies to

Registered Persons under the Securities Investment Business Act, RSIF Management Limited (specific registrant)

Deadlines

• 2 June 2026: Effective date of CIMA's decision to cancel the registrant's Securities Registered Person status