Investment advisers and managers of private investment funds
organized in the Cayman Islands should take note that on
September 30, 2019, the Data Protection Law, 2017
(the "DPL"), is set to come into effect.
In general terms, this will bring the Cayman Islands into line
with many other countries who have recently enacted enhanced data
privacy laws, including the European Union’s GDPR. The DPL is
designed to protect individuals’ data and give them greater
control over its use. It is further designed to lower the
administrative burden on organizations operating internationally
and “to cement the Cayman Islands as an attractive
jurisdiction in line with international developments.”
