CLO Migration From The Cayman Islands To Bermuda

The Companies Act 1981 of Bermuda (the "Companies Act") permits a body corporate incorporated as a Cayman Islands exempted company (the "Cayman company") to migrate to Bermuda by way of continuation as a Bermuda exempted company under the Companies Act (the "Registrant")

Pre-conditions to registration

The Registrant must:

1. obtain all necessary authorisations, if any, required under the laws of the Cayman Islands in order to enable it to continue as an exempted company registered in Bermuda;
   
   
2. make an application to the Bermuda Monetary Authority (the "BMA") accompanied by:
   
   
   1. a statement of the proposed business of the exempted company;
      
      
   2. information concerning the beneficial owners of the exempted company; and