FAR Form – Related Fund Entity Form Released

The Cayman Islands Monetary Authority ("CIMA") has released the form by which Related Fund Entity ("RFE") information is to be submitted.

CIMA has also extended the filing deadline for the Fund Annual Returns ("FAR") and RFE Form until 31 October 2021, which filing deadline extension will apply for those private funds with a 2020 financial year end or a financial year ending on or prior to 31 March 2021.   A private fund is otherwise required to file its FAR and RFE Forms, together with its audited financial statements, within six months of its financial year end.

A RFE, 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 itself may not meet the definition of a private fund, and includes a parallel fund, an alternative investment vehicle or a co-investment vehicle.  A RFE may be established in