Topic: Closed-ended funds
Close to 11,200 private funds register with CIMA
Almost 11,200 private funds have registered with the Cayman Islands Monetary Authority under the Private Funds Law passed in February of this year. More than 4,300 private funds registered in the last week alone before the 7 Aug. deadline.
Report: 254 private funds have registered with CIMA
The new requirement to register closed-ended, or private, funds with the Cayman Islands Monetary Authority has to date prompted 254 funds into action so far. Government enacted the Private Funds Law in January which gave closed-ended funds until 7 Aug. 2020 to register with CIMA and comply with Cayman’s investment funds regime.
