Clients are reminded of the following important filing dates for Financial Institutions (FIs) under the CRS and FATCA Regime and Economic Substance regime filings with the Tax Information Authority in the Cayman Islands. Additionally, clients are...
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 CIMAs 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.