The Cayman Islands Monetary Authority (CIMA) recently
announced that the deadline for filing audited accounts and the
requisite Annual Return Form ("Form") in accordance with
the Private Funds (Annual Returns) Regulations, 2021 (the
"Regulations") has been extended to 30 September
2021.
Annual Return Form in Development
CIMA has advised that the Form required to be filed with audited
accounts under the Regulations is still in the process of being
developed and is not currently available. It is for this reason
that CIMA has announced the filing extension. A further notice will
be issued upon CIMA's release of the Form, however, it is
anticipated that the Form will be available by 30 June 2021. In the
interim, private funds will not be subject to related penalties for
non-compliance with section 13 of the Private Funds Act (2021
Revision).
