Cayman Islands: fund-specific guidance on corporate governance
In January 2013, the Cayman Islands Monetary Authority (CIMA) held a private sector consultation process regarding corporate governance for regulated entities in the Cayman Islands. In July 2013, it produced, specifically for mutual funds, a consultation paper and a draft Statement of Guidance on Corporate Governance for Mutual Funds (SoG‐MF), intended to apply to all regulated mutual funds. CIMA circulated the SoG‐MF for industry review and, on 5 December 2013, after reviewing and considering industry comments, issued a final draft of the SoG‐MF.
The SoG‐MF seeks to provide high-level guidance on the corporate governance standards expected in the oversight of regulated mutual funds by its operators (in other words, directors) including the primary duties applicable to the directors of such funds…
If you are registered and logged in to the site, click on the link below to read the rest of the Conyers Dill & Pearman briefing. If not, please register or sign in with your details below.
News from Conyers Dill & Pearman
Briefings from Conyers Dill & Pearman
The Trusts (Special Provisions) Amendment Act 2014 provides certainty regarding how far settlors can go without calling the validity of the trust structure into question.
This memorandum has been prepared for the assistance of those who are considering registration of a foreign limited partnership in the Cayman Islands.