The Cayman Islands Government has now further modernised and enhanced the oversight of investment funds through updates to theMutual Funds Law (2020 Revision)(“MFL”) that continues to regulate open-ended investment funds, and the introduction of thePrivate Funds Law 2020(“PFL”) that now brings...
Hedge Funds in Cayman and the BVI.(Mutual Funds Law)(British Virgin Islands)Rogers, Nick
CIMA并非监管所有的共同基金,如果基金的投资者人数有限,或者已有适当的规制,则CIMA没有监管的必要,基金也将豁免登记。CIMA对于共同基金的监管权限来自于《Mutual Funds Law》的授权,当基金不能或者将要不能在到期时兑现承诺,基金的经营方式可能对投资者或者债权人不利,持牌共同基金超范围经营,基金的管理不当,或者基金...
British Virgin Islands: Financial Sector Assessment Program Update Documentation: Technical Note on Mutual Fund Regulation In a previous assessment, it was concluded that the British Virgin Islands (BVI) regulatory system governing securities markets functioned well overall, bu......
The Private Funds Law 2020 and the Mutual Funds (Amendment) Law 2020 came into effect on 7 February 2020 in the Cayman Islands. Both laws introduce new
(AML Regulations) and the Mutual Funds Law (MFL), the last 12 months have been a busy time for Cayman Islands funds and their managers and advisers. While the dust is still settling on the full implementation of these regulations, there is increasing clarity on what is now required of ...
Insurance Law Mutual Funds Law Securities Investment Business Law These laws establish operational requirements, capital standards, and reporting obligations for financial institutions. The regulatory framework aims to maintain stability while fostering innovation in financial products and services. ...
Under the ES Law a mutual fund licensed or registered with the Cayman Islands Monetary Authority is considered to be an investment fund and thereby exempt from the ES Law. However it should be noted that the ES Law definition of an investment fund is wider than under the Mutual Funds Law....
Section 43(2) of the ELP Law provides that the Registrar shall de-register an applicant Partnership if:1.the GP proposes to register the applicant Partnership by way of continuation in a jurisdiction which permits or does not prohibit the transfer of the applicant Partnership in the manner ...
s business and any offering of its interests will be carried out in a proper way. On an ongoing basis the administrator is required to notify CIMA immediately if it knows or believes the fund or any of its promoters or operators to be insolvent, in breach of any law or carrying on ...