Warning Notice - Ms. Jianxin Yu, Director Registration #2824135 (2023-09-11)

Summary

This is an individual enforcement notice issued by the Cayman Islands Monetary Authority (CIMA) against Ms. Jianxin Yu, a director registered under the Directors Registration and Licensing Act, 2014 (as amended), under Director Registration #2824135. CIMA states that Ms. Yu is in breach of section 6(2) of the Act for failing to provide prescribed information and failing to pay prescribed annual fees for 2021, 2022 and 2023 by the 15 January deadline in each of those years.

• Reason for notice: Because CIMA was unable to locate Ms. Yu despite reasonable efforts, it is publishing this Warning Notice to give notice to her and other interested parties.
• Proposed action: Cancellation of her director registration under section 25(2)(a) of the Act, based on CIMA's opinion under section 25(1)(b) that she has contravened the Act.
• Future fitness and propriety impact: CIMA notes that her lack of communication may be considered in future fitness and propriety assessments relating to other registrants, licensees, or applications.

The notice gives Ms. Yu a right to make written representations to CIMA's Managing Director within 30 days of the notice date, or a longer period if an extension is requested within 10 days of receipt and approved by CIMA. This is a case-specific enforcement notice rather than a rule of general application, so it does not create ongoing obligations for other registrants beyond illustrating CIMA's fee and information-filing requirements under the Act.

Key obligations

• Ms. Yu must provide the Authority with information in the prescribed form as required under section 6(2) of the Act.
• Ms. Yu must pay the prescribed annual fees owed to the Authority for 2021, 2022 and 2023.
• If Ms. Yu wishes to make written representations opposing the proposed cancellation, she must submit them within 30 days of the date of the Warning Notice.
• If Ms. Yu requires an extension to the representation deadline, she must submit the extension request within 10 days of receiving the Warning Notice.

Applies to

registered directors

Deadlines

• 15 January in each calendar year: Deadline by which registered directors must pay prescribed annual fees to the Authority under section 6(2) of the Act.
• within 30 days of the date of this Warning Notice: Deadline for Ms. Yu to submit written representations to the Authority regarding the proposed cancellation of her director registration.
• within 10 days of receiving the Warning Notice: Deadline for Ms. Yu to submit a request for an extension of the 30-day representation period.