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ARTICLE · 08 SEPTEMBER 2021

CIMA Releases Related Fund Entity Form For Cayman Islands Private Funds

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As noted in our recent update, the deadline for funds registered under the Private Funds Act to submit their first fund annual return form is 30 September 2021.

Cayman IslandsFinance and Banking
Kate Kirk
Kate Kirk
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As noted in our recent update, the deadline for funds registered under the Private Funds Act (Revised) (Private Funds) to submit their first fund annual return (FAR) form is 30 September 2021. This deadline applies to Private Funds with a 2020 financial year end and those with a 2021 year end falling on or before 31 March 2021.

In addition to the FAR form previously released, the Cayman Islands Monetary Authority (CIMA) has now released an additional form which must be used by Private Funds to submit data relating to their 'related fund entities' (RFE form).  A 'related fund entity', in relation to a Private Fund, means an entity established by or on behalf of the promoter of the Private Fund which may account for certain regulatory, tax and other structuring needs of one or more groups of persons, which may itself not meet the definition of a Private Fund, and includes a parallel fund, an alternative investment vehicles or a co-investment vehicle established in

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