Cayman Finance Welcomes AIFMD Amendment

28 March 2013 · Cayman Finance says that the recent legislative amendment to facilitate the marketing of Cayman funds in Europe is another step in the jurisdictions continued success in the hedge funds sector globally.

The amendment allows the CIMA to enter into MOUs with its EU counterparts, using a model MOU developed by the European Securities Markets Authority (ESMA).

Noting that the Cayman Islands has already signed up to numerous treaties and agreements and was known as a globally cooperative jurisdiction, Mr. Gonzallo Jalles, CEO of Cayman Finance, said that the recent amendment was in line with the existing approach that Cayman took on cross border cooperation over the past decade.