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ARTICLE · 12 FEBRUARY 2020

Cayman Islands Mutual Funds Law (2020 Revision)

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The proposed amendments to the Mutual Funds Law (2020 Revision) have now been passed into law.

Cayman IslandsFinance and Banking
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Further to our recent client update on the Cayman Islands Mutual Funds (Amendment) Bill, 20201, the proposed amendments to the Mutual Funds Law (2020 Revision) (the "Law") requiring the registration of mutual funds that were previously exempted from registration under section 4(4) of the Law2 ("Section 4(4) Funds") have now passed into law.

Commencement and Timing

The amendments came into force on 7 February 2020 (the "Commencement Date"). Existing Section 4(4) Funds will need to comply with the registration requirements by 7 August 2020. New Section 4(4) Funds that start carrying on business after the Commencement Date will need to comply with the registration requirements with immediate effect.

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