As one of the world's largest offshore financial centers, the Cayman Islands has long been an exceptionally favorable jurisdiction for companies to register their business. In an effort to further strengthen investor confidence and ensure that Cayman holds its position as a leading destination for investment fund formation, the Cayman Islands government introduced two new laws: the Private Funds Bill 2020 and the Mutual Funds (Amendment) Bill 2020.
Both laws introduce a requirement to register certain open- and close-ended funds with the Cayman Islands Monetary Authority (CIMA). As a result, entities that have been incorporated, registered or formed in Cayman may have to meet new regulatory obligations in order to continue operations there.
In this webinar, our subject experts explain the new rules in detail, including the steps you need to take to ensure compliance.
The contents of this article are intended for informational purposes only. The article should not be relied on as legal or other professional advice. Neither Vistra Group Holding S.A. nor any of its group companies, subsidiaries or affiliates accept responsibility for any loss occasioned by actions taken or refrained from as a result of reading or otherwise consuming this article. For details, read our Legal and Regulatory notice at: http://www.vistra.com/notices . Copyright © 2022 by Vistra Group Holdings SA. All Rights Reserved.
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