The Cubex Investment Fund, Ltd.
Mr. Jean-Marc Thys
Mr. Jean Nicole Turpel
Mr. Antoon Crochet
Directors
The Cubex Investment Fund, Ltd (In Controllership)
c/o Ernst & Young
62 Forum Lane Camana Bay
PO Box 510
Grand Cayman KY1-1106
CAYMAN ISLANDS
By mail and Email:
Dear Sirs,
Re: Decision Notice — The Cubex Investment Fund, Ltd (In Controllership) (Req. #10680) ("the Fund")
We write to you in your capacity as directors of the Fund.
As you are aware on 6 March 2013 the Cayman Islands Monetary Authority, pursuant to section 30 (3) (e) of the Mutual Funds Law (2012 Revision), appointed Messrs. Keiran Hutchison and Robin Lee McMahon ("the Controllers") of Ernst & Young Ltd. to assume control of the affairs of the Fund'
The Controllership has ended. There is no funding available to move forward with a formal 'winding-up' of the Fund.
TAKE NOTICE:
The Cayman Islands Monetary Authority ("the Authority") of 80e Shedden Road, Elizabethan Square, PO Box 10052, Grand Cayman KY1-1001, Cayman Islands, has taken the following action:
ACTION:
The Authority has cancelled the Fund's mutual fund registration pursuant to section 30 (3) (a) of the Mutual Funds Law (2015 Revision) ("the Law").
REASONS:
The Authority is, pursuant to sections 30 (1) (a),(b),(d) and (e) of the Law, satisfied that (i) the Fund is unable to meet its obligations as they fall due; (ii) is carrying on or attempting to carry on business in a manner that is prejudicial to its investors or creditors; (iii) the direction and management of the Fund has not been conducted in a fit and proper manner; and (iv) Jean-Marc Thys, Jean Nicole Turpel and Antoon Crochet are not fit and proper persons to hold the position of director of a regulated mutual fund.
EFFECTIVE DATE OF DECISION:
The Authority's decision regarding the above action is effective 08 November 2016.
Yours faithfully,
Cindy Scotland
Managing Director
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