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On 7 February 2020, the Cayman Islands Government published the
Private Funds Law, 2020 and the Private Funds (Savings and
Transitional Provisions) Regulations 2020 (together, the
"Law").
The Law provides for the registration of certain closed-ended
funds (termed "private funds") with the Cayman Islands
Monetary Authority ("CIMA"). The main provisions of the
Law, including what constitutes a private fund, are summarised in
the update1 we published when the Law was in draft bill
form.
The Law commenced on 7 February 2020 (the "Commencement
Date").
When will private funds need to register?
