A decision on its inclusion of the Cayman Islands in the EU’s AIFMD (Alternative Investment Fund Managers Directive) Passport scheme is expected by June 2016. If granted, this would secure future access to European investors for funds either managed or registered in Cayman.
The European Commission publically asked the European Securities and Markets Authority (ESMA) to complete the assessment of the second wave of six non-EU jurisdictions, which includes Cayman, by 30 June 2016.