November 13, 2019

FATCA responsible officer function obsolete for Cayman funds

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From CooConnect Outsourcing the responsible officer (RO) function under the Foreign Account Tax Compliance Act (FATCA) offers limited value to Cayman-Islands’ domiciled fund managers. The Model one Intergovernmental Agreement (IGA) between the Cayman Islands and the US does not stipulate that a responsible officer is required. The responsible officer title is a feature of the […]

New Exempted Limited Partnership Law comes into force

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From Solomon Harris The Cayman Islands Exempted Limited Partnership Law, 2014 came into force last week following its gazettal on Wednesday, 2 July 2014. The new law (the ‘Law’) is the result of years of consultation with the financial services industry and is designed to make the already popular Exempted Limited Partnership (‘ELP’) investment vehicle […]