CIMA’s statement of guidance on fund governance: a baseline of adequacy
The Cayman Islands Monetary Authority’s (CIMA’s) recently published statement of guidance (SOG) on matters of fund governance takes effect on 13 January 2014 and applies to all funds regulated under the terms of the Mutual Funds Law.
The SOG follows a broad review of fund governance by CIMA and should be read as a statement of what CIMA considers to be a baseline of adequacy as opposed to a statement of aspiration.
The SOG establishes key principles of good governance that must be observed by funds that CIMA regulates. Many funds will not be phased by the requirements of the SOG for their governance models will exceed the standards that the SOG demands, although others may find the SOG challenging and should seek to improve their governance standards accordingly…
If you are registered and logged in to the site, click on the link below to read the rest of the Mourant Ozannes briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Mourant Ozannes
News from The Lawyer
Briefings from Mourant Ozannes
Guernsey was the first jurisdiction to introduce the concept of a protected cell company but the Companies Law has effectively modernised it.
Top tips for dealing with a JFSC on-site examination; guidance on investment business on-site examinations and an important decision of the Royal Court concerning the information a party subject to regulatory action should be provided with.