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Statement of Guidance - Regulated Mutual Funds

Statement of Guidance - Regulated Mutual Funds

The Cayman Islands Monetary Authority (“CIMA”) recently issued a new Statement of Guidance for Regulated Mutual Funds (the “Statement”), which sets out CIMA’s expectations regarding the corporate governance regime of regulated mutual funds. In essence, CIMA expects the oversight, direction and management of a regulated mutual fund to be conducted in a fit and proper manner. Accordingly, the purpose of the Statement is to provide the governing body of a regulated mutual fund and its operators with guidance on the minimum expectations for the sound and prudent governance of the regulated mutual fund.

Please click here to download the statement of guidance

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Chris Humphries

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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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