October 16, 2021

Cooperation with regulators improves reputation

Pin It

By Colin MacKay The 2007/8 global financial crisis continues to influence the environment within which the Cayman investment funds industry operates. Global economic patterns, largely driven by factors emerging from that crisis, continue to shape cross-border political and regulatory developments. These, in turn, impact the investment management, banking, prime brokerage, administration, accounting and legal communities, […]

CIMA’s final Statement of Guidance

Pin It

From hedgeweek The Statement of Guidance on corporate governance for mutual funds (SoG) published by CIMA in December 2013 is one of the key regulatory developments to have come out of the Cayman Islands in recent years. The results of an initial consultation with industry service providers were published by CIMA in July 2013. “The […]

CIMA issues important statement of guidance for boards of regulated mutual funds

Pin It

By John Donohoe, Carne Global Financial Services Limited New recommendations will help fund managers to meet governance expectations of investors. The Cayman Islands Monetary Authority (CIMA) has issued its proposed Statement of Guidance for Regulated Mutual Funds (SOG). CIMA has reviewed and considered the industry comments it received during an extensive consultation process and has […]