2023-08-14-Extract-12PeersCapitalMarkets,Ltd_1692203860.pdf

The Cayman Islands Monetary Authority has issued a Decision Notice to the Director of 12 Peers Capital Markets, Ltd (the Registrant), citing ongoing breaches of the Securities Investment Business Act. The breaches include:

• Failing to file annual declarations for 2022 and 2023
• Failing to pay prescribed annual fees and accrued penalties for 2022 and 2023
• Failing to have a minimum of two directors, each complying with the Directors Registration and Licensing Act

As a result, the Authority has:

• Cancelled the Registrant's registration as a Securities-Registered Person, effective August 9, 2023
• Found reasonable grounds to believe that the Registrant has contravened the Act and not conducted business in a fit and proper manner.