Cayman Islands Director 2021 Registration And Licensing

This advisory provides guidance for those directors who are registered with the Cayman Islands Monetary Authority (CIMA) under the Directors Registration and Licensing Law (Revised) (DRLL) as a result of being appointed as a director of a 'covered entity' (a Cayman Islands investment fund registered with CIMA under the Mutual Funds Law or an entity, such as an investment manager, that is registered as a 'registered person' under the Securities Investment Business Law). Note that investment funds regulated under the Private Funds Law are not currently covered entities and directors of such entities are not required to be registered. If you have any questions as to whether or not you are required to take any action, please speak to your usual Ogier contact or a member of our team listed here.