Regulatory Alerts2019-03-12
Added · Updated
Decision Notice – Maxam Absolute Return Fund Limited
The Cayman Islands Monetary Authority has cancelled the mutual fund registration of Maxam Absolute Return Fund Limited effective 12 March 2019. This action addresses the Fund's persistent breaches of regulatory statutes concerning unpaid audited accounts, outstanding annual fees, missing registered office, and unregistered director status. CIMA concluded that the Fund is likely unable to meet its financial obligations and that its management has not been conducted in a fit and proper manner.
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