CIMA Cancels Director Registration of Mr. Oliver-Barrett Lindsay

The following is an official extract of a Decision Notice sent to the director(s) of a licensee Re: Decision Notice – Mr. Oliver-Barrett Lindsay (Reg.#2363406) TAKE NOTICE:
The Cayman Islands Monetary Authority of 80 Shedden Road, Elizabethan Square, PO Box 10052, Grand Cayman KY1-1001, Cayman Islands, has taken the following action:
ACTION:
Pursuant to section 25(2)(a) of the DRLL, the Cayman Islands Monetary Authority has cancelled the director registration held by Mr. Lindsay. REASONS:
Pursuant to sections 25(1)(a), (b) and (e) of the DRLL, the Authority is of the opinion that Mr. Lindsay: (1) is carrying on business in a manner detrimental to the public interest; (2) has contravened the DRLL; and (3) is a person that is not a fit and proper person to hold a position as a registered director. EFFECTIVE DATE OF DECISION:
The Authority’s decision regarding the above action is effective 13 June 2019. SIX, Cricket Square P.O. Box 10052 Grand Cayman KY1–1001, Cayman Islands Tel +1 345 949-7089 www.cima.ky