Regulatory Alerts2018-10-31
Decision Notice – Redwood Fund III, Ltd Mutual Fund Registration Cancellation
The Cayman Islands Monetary Authority has cancelled Redwood Fund III, Ltd’s mutual fund registration effective 30 October 2018 following its failure to prepare and submit audited accounts for 2014 through 2017. The Authority determined that the Fund is unable to meet its obligations and that its direction and management have not been conducted in a fit and proper manner. This decision formally removes the Fund’s regulatory status under the Mutual Funds Law (2015 Revision) and notifies its directors of the breach.
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