Caymans: Master fund registration update
The regulatory regime in the Cayman Islands requires certain open-ended investment funds to register with the Cayman Islands Monetary Authority (CIMA) as regulated mutual funds. 2012 saw the registration, for the first time, of certain Cayman Islands master funds in open-ended Cayman Islands fund structures as a result of changes introduced by the Mutual Funds (Amendment) Law, 2011. Practitioners in Cayman generally took the view that master funds which only had a single feeder fund which was a CIMA regulated fund were not required to register.
Click on the link above to download briefing.
News from Mourant Ozannes
Briefings from Mourant Ozannes
The Review of Financial Advice (RFA) is the Jersey Financial Services Commission’s response to the UK Financial Services Authority’s Retail Distribution Review (RDR).
Could Cayman’s firewall legislation stand up to challenges similar to those seen, for example, in Jersey. Are its provisions fit to face up to the current realities of the offshore trusts industry?