New Rules Are Coming: Is Your Cayman Fund Compliant?

Take Steps Now to Ensure Compliance

The Cayman Islands Monetary Authority (CIMA) is expected to issue new rules and guidance for all Cayman funds, including regulated mutual funds and - for the first time - private funds regulated under the Private Funds Act. Operators of funds must ensure the conduct of the fund and its service providers is in accordance with these regulatory measures.

Overview of the Coming Changes

Cayman Islands regulated funds are subject to the rules, guidance, policies and procedures issued by CIMA.

Following a period of private sector consultation with various Cayman Islands associations and industry stakeholders, CIMA is expected to issue new rules and guidance on both corporate governance and internal controls for all entities it supervises, including both regulated mutual funds and, for the first time, private funds regulated under the Private Funds Act. To prepare for these rules and avoid enforcement action, it is critical that