Establishing a Prime-Brokerage Business in the Cayman Islands
From Ogier INTRODUCTION This note summarises the attractions of the Cayman Islands for prime brokers wishing to establish a prime brokerage business outside their home jurisdiction, and it highlights the key Cayman issues that need to be addressed when setting…
Governance of Cayman hedge funds — prime brokerage matters
From Macfarlanes Governance of Cayman Islands regulated mutual funds has received a great deal of focus recently from all corners, including the Cayman Islands Monetary Authority (CIMA), the Cayman Islands Courts and the market at large, particularly institutional investors. This…
Continuing obligations for Cayman Islands investment funds
From Mourant Ozannes The continuing obligations of Cayman Islands regulated funds are set out in the Companies Law and Mutual Funds Law (as amended). Each Cayman Islands regulated mutual fund must: • Pay an annual fee to the Cayman…
Cops issue fake cash warning
From RCIPS Thu, Jan 30, 2014 at 3:44 PM Officers from the RCIPS Financial Crime Unit are warning members of the public and the business community to be on their guard after a number of fake US banknotes surfaced on…
Commemorative Heroes Day coins available
With the advent of Heroes Day on the horizon, the Cayman Islands Monetary Authority (CIMA) would like to remind the public that a limited number of the commemorative 10th Anniversary Heroes Day coins are still available for purchase. Released by…
Cooperation with regulators improves reputation
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….
CIMA’s final Statement of Guidance
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…
CIMA issues important statement of guidance for boards of regulated mutual funds
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…
