comments feedby Hardin Compliance Consulting From Opalesque As of July 1, 2018, companies and limited liability companies incorporated or registered in the Cayman Islands are required to maintain a beneficial ownership register at their Cayman Islands-registered offices (or appointed service provider), unless an exemption applies. Hedge funds and private investment companies registered as companies or limited […]
How a change in strategy is putting Cayman on the map for Japanese institutional investors
April 10, 2018 by 1 Comment
From OGIER As offshore funds counsel in the Cayman Islands, it may come as no surprise that, for me, 2017 has seen a distinct rise in requests to establish bespoke private equity and real estate funds for US managers and sponsors who have been successful in attracting investments from large Japanese institutional investors. An announcement […]
Beneficial Ownership Registers to be Implemented for Cayman Islands’ Companies
April 23, 2017 by Leave a Comment
From Campbells This advisory has been prepared as a summary of the law as at April 2017 and is for general guidance only. It is not intended to be, nor should it be used for, a substitute for specific legal advice on any particular transaction or set of circumstances. Overview New legislation has been enacted […]
Head of Cayman Islands Banking Supervision Division confirmed
January 11, 2017 by Leave a Comment
Following her role as Acting Head of Banking Supervision Division, Mrs. Gloria Glidden has now been confirmed as Head of the Banking Supervision Division as of 1 January 2017. In her official capacity, she will continue to provide supervision of both international and commercial banks and trusts, the development bank, as well as money services […]
Cayman Islands: Open-Ended Funds to Lock-Up Funds – Are Fund Managers changing focus?
January 27, 2016 by Leave a Comment
By Ashley Gunning and Bicrom Das Walkers From Mondaq Associate Bicrom Das takes a look at a ‘paradigm expansion’ of open-ended fund managers sharpening their focus onto lock-up funds. The Cayman Islands have traditionally been most closely associated with open-ended hedge fund products, wherein managers permit their investors regular liquidity. Such funds employ a variety […]
Cayman Islands: CIMA Filings For Mutual Funds
September 22, 2015 by Leave a Comment
Article by Bryan Hunter and Sophie Benbow From Appleby The Cayman Islands Monetary Authority (CIMA) has published a new rule and regulatory procedure (New Rule) regarding the cancellation of a licence or certificate of registration of a Cayman Islands regulated mutual fund (Fund). How do these changes affect the operators of a Fund? The main […]
CIMA: Proposed changes to outsourcing arrangements for funds service providers
April 28, 2015 by Leave a Comment
By Matt Roberts From Harney Westwood & Riegels Contact The Cayman Islands Monetary Authority (“CIMA”) has recently released a draft Statement of Guidance: Outsourcing All Regulated Entities (Excluding Regulated Mutual Funds) (“SOG”) and Consultation Paper (“Paper”). The Paper calls upon the private sector to make submissions to CIMA in respect of the SOG, which submissions […]
Cayman Island Investment Funds
June 29, 2014 by Leave a Comment
By Ben Tonner and James Kennedy from Samson & McGrath Basic guide to Investment Funds in the Cayman Islands Mutual Funds Under the laws of the Cayman Islands, a mutual fund is defined as any company, trust or partnership incorporated or established in the Cayman Islands (or if outside the Cayman Islands, managed from the […]
CIMA’s final Statement of Guidance
January 20, 2014 by Leave a Comment
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 […]
