Regulatory Alerts2018-11-28
Decision Notice – Cancellation of Registration for Oak Palm Fund Ltd
The Cayman Islands Monetary Authority cancelled the mutual fund registration of Oak Palm Fund Ltd effective 28 November 2018. This decision addresses the Fund's statutory breaches regarding unpaid annual registration fees and missing audited accounts from 2008 to 2017. CIMA determined that the Fund is likely unable to meet its financial obligations and has operated under unfit management.
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