Regulatory Alerts2019-12-27
Cayman Islands Monetary Authority Decision Notice – KTH Capital Limited
The Cayman Islands Monetary Authority has cancelled the mutual fund registration of KTH Capital Limited effective 27 December 2019. This decision follows the Fund's prolonged failure to prepare and submit audited accounts for the years ended December 2002 through 2018, constituting breaches of Sections 8(1) and 8(2) of the Mutual Funds Law. CIMA determined that the Fund has ceased operating as a mutual fund and remains non-compliant despite repeated regulatory requests to resolve its outstanding obligations.
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