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CIMA Fund Filings Notice 2023

The Cayman Islands Monetary Authority (“CIMA”) released a General Industry Notice (“Notice”) on 1 September 2023 outlining a system issue which is currently affecting mutual fund and private fund filings.

The issue is specifically affecting the filing of audited financial statements and the fund annual return (“FAR”) form for registered mutual and private funds a financial year ending 31 December 2022. The Notice officially states that mutual and private funds that are prepared to submit their audited financial statements and FAR for the year 2022, but cannot do so due to the system problem, will not be penalized for late filing. The filing window for these affected funds will remain open until 30 September 2023.

For funds with financial years ending after 31 December 2022, the obligation remains in place to file their audited financial statements and FAR within six months of the relevant financial year's conclusion or to request an extension with the appropriate fee.

The notice can be read further on CIMA's website.

If you require assistance or need more information, contact your usual Stuarts attorney or email Jonathan McLean at jon.mclean@stuartslaw.com.

Contact our experts for further advice

Jonathan McLean

Partner and Head of Banking & Regulatory

Tel:+1 (345) 814-7930

This publication is for general guidance and is not intended to be a substitute for specific legal advice. Specialist advice should be sought about specific circumstances.

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