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ARTICLE · 12 AUGUST 2021

Alternative Investment Funds 2021

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Grant Dixon, Andrew Keast and Stephen Watler provide an analysis of the laws and regulations of alternative investment funds in the Cayman Islands.

Cayman IslandsFinance and Banking
Grant Dixon
Grant Dixon
Andrew Keast
Andrew Keast
Stephen Watler
Stephen Watler
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1. REGULATORY FRAMEWORK

1.1 What legislation governs the establishment and operation of Alternative Investment Funds?

The Mutual Funds Act (As Revised) (the "MF Act") provides for the regulation of open-ended investment funds and mutual fund administrators. Responsibility for regulation under the MF Act rests with the Cayman Islands Monetary Authority ("CIMA").

The Private Funds Act (As Revised) (the "PF Act") provides for the regulation of closed-ended investment funds. Responsibility for regulation under the PF Act rests with CIMA.

In addition, the Retail Mutual Funds (Japan) Regulations (As Revised) (the "Japan Regulations") provide a regulatory regime for retail mutual funds that are marketed to the public in Japan.

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