Non-Compliant Directors (2026-08-31)

Summary

This is a public warning notice issued by CIMA naming a list of registered directors who have failed to maintain their registration under the Directors Registration and Licensing Act, 2014 (as amended). CIMA states it has been unable to locate or correspond with these individuals and is therefore publishing the notice to give them and interested parties formal notice of proposed action.

• Breach identified: Failure to maintain registration by providing required information in the prescribed form and paying the prescribed annual registration fee on or before 15 January each calendar year, contrary to section 6(2) of the Act.
• Proposed action: CIMA proposes to cancel each listed director's registration under section 25(2)(a) of the Act, based on its opinion under section 25(1)(b) that the Act has been contravened.
• Fitness and propriety impact: CIMA notes that the lack of communication may be taken into account when assessing these directors' fitness and propriety in relation to existing regulated mutual funds, registrants, licensees, or future applications.
• Right to respond: Named directors may make written representations to the Authority's Chief Executive Officer within 45 days of the notice date, or a longer period if a timely extension request is approved.

The notice attaches an appendix listing over 150 individual registered directors by name and director ID number who are subject to this action.

Key obligations

• Named directors must, if they wish to contest the proposed cancellation, submit written representations to the CEO of CIMA within 45 days of the date of this notice (31 August 2026)
• Any request for an extension of the representation period must be submitted within 10 days of receiving the notice
• Registered directors generally must maintain registration by providing required information and paying the prescribed annual registration fee to CIMA on or before 15 January each calendar year

Applies to

registered directors, professional directors, corporate directors

Deadlines

• 45 days from 31 August 2026: Deadline for named non-compliant directors to submit written representations to CIMA before cancellation proceeds
• 10 days after receiving the Notice: Deadline to request an extension of the representation period, if needed
• 15 January each calendar year: Annual deadline under section 6(2) of the Act to maintain registration by submitting required information and paying the prescribed annual registration fee