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…
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…
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…
