Continuing obligations for Cayman Islands regulated funds

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 Islands Registrar of Companies; pay an annual fee to the Cayman Islands Monetary Authority (CIMA); file audited financial statements and a Fund Annual Return (FAR) Form with CIMA; notify the Registrar and CIMA of any change to the funds directors or officers; and notify CIMA of any material changes to the information contained in any offering document or the relevant CIMA form containing prescribed particulars for the type of regulated mutual fund in question.

A regulated mutual fund must file an annual return and pay an annual fee to the Registrar. The annual fee is calculated by reference to the fund’s authorised share capital. The fund’s registered office in the Cayman Islands will file the annual return with the Registrar and when fees are received from the fund pay the annual fee on the fund’s behalf. The fee is due in January of each year. Late fees will be assessed after 31 March of each year…

Click on the link below to read the rest of the Mourant Ozannes briefing.

Sign in or Register to continue reading this article

Sign in

Register

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

 

Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.

 

Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.

 

Email newsletters

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.

Briefings from Mourant Ozannes

  • Protected Cell Companies

    Guernsey was the first jurisdiction to introduce the concept of a protected cell company but the Companies Law has effectively modernised it.

  • Financial services and regulatory winter update – December 2014

    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.

View more briefings from Mourant Ozannes

Overview

6th Floor
125 Old Broad Street
London
EC2N 1AR
UK
http://www.mourantozannes.com

Total partners: 51
Total fee earners: 248

Jobs