Regulatory Alerts2019-03-27
Cayman Islands Monetary Authority Decision Notice – ManagementPlus (Cayman) Limited Licence Revocation
The Cayman Islands Monetary Authority has revoked the Companies Management Licence of ManagementPlus (Cayman) Limited effective 28 March 2019. This action addresses the entity's persistent breaches of the Companies Management Law, including failures to submit audited accounts, pay annual fees, provide compliance certificates, maintain record access, and supply insurance documentation. CIMA determined that MPCL is likely unable to meet its obligations, operates detrimentally to the public and client interests, and has contravened statutory requirements.
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