RSIF Management Limited in Potential Breach of SIB Act (2026-01-13)

Summary

This is a public Warning Notice issued by the Cayman Islands Monetary Authority (CIMA) against RSIF Management Limited (Reg. #1604002), a Registered Person under the Securities Investment Business Act. CIMA states it has been unable to locate or correspond with the company and therefore is publishing the notice to give it, and interested parties, notice of alleged regulatory breaches.

• Annual declarations: Failure to file annual declarations for 2023-2025.
• Fees and penalties: Failure to pay prescribed annual fees and penalties, including a 2025 fee increase.
• Board composition: Failure to maintain the required minimum board composition.
• AML officers: Failure to designate an Anti-Money Laundering Compliance Officer and a Money Laundering Reporting Officer/Deputy under the Anti-Money Laundering Regulations.
• Registered office: Failure to maintain a registered office as required under the Companies Act.

Based on these alleged contraventions, CIMA proposes to cancel RSIF Management Limited's registration as a Securities - Registered Person under section 17(2A)(a) of the Securities Investment Business Act.

The notice gives RSIF Management Limited, or interested parties, the opportunity to make written representations to CIMA's CEO within a set timeframe before any final decision on cancellation is made. This is a case-specific enforcement notice rather than a rule of general application, so it does not create ongoing obligations for other regulated entities, though it illustrates the types of filing, fee, governance, AML officer designation, and registered office requirements CIMA expects registrants to meet.

Key obligations

• RSIF Management Limited (or any interested party) must submit any written representations to CIMA's Chief Executive Officer within thirty (30) days of receiving the Warning Notice
• If an extension of time to make representations is needed, a request for extension must be submitted within seven (7) days of receiving the Warning Notice

Applies to

Registered Persons under the Securities Investment Business Act, Securities investment business registrants

Deadlines

• 30 days of receiving this Warning Notice: Deadline for RSIF Management Limited to submit written representations to CIMA regarding the proposed cancellation of its registration
• 7 days of receiving the Warning Notice: Deadline to submit a request for an extension of the 30-day representation period