Other Voices: Changes in Cayman could impact hedge fund compliance
by 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),…
How a change in strategy is putting Cayman on the map for Japanese institutional investors
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…
Beneficial Ownership Registers to be Implemented for Cayman Islands’ Companies
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…
Head of Cayman Islands Banking Supervision Division confirmed
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…
Cayman Islands: Open-Ended Funds to Lock-Up Funds – Are Fund Managers changing focus?
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…
Cayman Islands: CIMA Filings For Mutual Funds
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…
CIMA: Proposed changes to outsourcing arrangements for funds service providers
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…
Cayman Island Investment Funds
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…
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…
