Topic: fund administration
Proposed legislation bolsters Cayman’s tokenised funds offer
The government has published amendments to three pieces of existing legislation that would boost Cayman’s status as an emerging leader in tokenised funds.
Catalyst launches fund administration business
The Catalyst Group announced the launch of a new fund administration business that also offers corporate and portfolio middle office and accounting services.
SEC fines fund administrator
The US Securities and Exchange Commission has ordered Northern Trust Hedge Fund Services LLC and its Cayman fund administration subsidiary Northern Trust Global Fund Services Cayman Limited to pay US$167,629 for regulatory breaches in their role as the administrators for the LR Global Frontier master and feeder funds from January 2016 to August 2017.
CIMA revokes fund administrator licence
The Cayman Islands Monetary Authority has revoked the full mutual fund administrators licence of Focus Administration Limited, citing insolvency and regulatory issues.
In a decision...
