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ARTICLE · 25 JUNE 2020

Update On Cayman Islands Mutual Funds Law And Regulation

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The sponsors and operators of Cayman Islands mutual funds which benefited from the "15 investor exemption" under the Mutual Funds Law (as amended) (the "Mutual Funds Law")

Cayman IslandsFinance and Banking
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Timing for Registration of Previously Exempt Funds

The sponsors and operators of Cayman Islands mutual funds which benefited from the "15 investor exemption" under the Mutual Funds Law (as amended) (the "Mutual Funds Law") should, unless otherwise out of scope, by now be undertaking the process of registering with the Cayman Islands Monetary Authority ("CIMA"). The formal deadline for applications to be filed is 7 August 2020. Please see our client advisory on the removal of the 15 investor exemption. 

 

Update for all Regulated Mutual Funds - Contents of Offering Documents

In exercise of its authority under the Monetary Authority Law (as amended), CIMA has published rules for the contents of offering documents.

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