Publications

CRS ACTION REQUIRED BY FUNDS – 23 May 2017

The Cayman Islands have issued CRS Guidance Notes 

All funds in the Cayman Islands are likely to be required to take two important actions prior to July 2017 in relation to CRS.

They must renew the appointment of the Principal Point of Contact on the new format letter that has been issued by the TIA and each […]

By |May 23rd, 2017|Publications|Comments Off

NEW – Beneficial Ownership Registers 10 April 2017

April 10, 2017 – The Cayman Islands have recently (7 April 2017) released the draft amendments to existing laws as well as regulations relating to the introduction of Beneficial Ownership Registers. Below is a Q&A format as it may apply to funds, which of course is subject to change or amendment when introduced which […]

By |April 10th, 2017|Publications|Comments Off

Most Common FATCA classifications for the Cayman Islands December 2015

December 2015

FATCA made simple

Please find below a guide on the most common FATCA classifications for Cayman Islands entities. Further explanation of the classification is included in the notes below.

 

Cayman Islands Entities Type:
FATCA Classification:
Notes:

 Mutual Fund CIMA registered as a MF1 / MF2 fund
Reporting Model 1 FFI  
Must obtain a GIIN and file on the Cayman […]

By |July 22nd, 2015|Publications|Comments Off

FATCA PORTAL UPDATE – APRIL 2015

FACTA REPORTING SUMMARY (9 April 2015)

 

The Cayman Islands FATCA Portal is now live and requires all reporting FFI’s (all Cayman Islands hedge funds and master funds) to register.

 

DEADLINES

 

All Cayman Islands funds (FFI’s) are required to register on the FACTA Portal (known as “AEOI Portal”– Automatic Exchange of Information).

 

30 April 2015 – deadline to register […]

By |April 9th, 2015|Publications|Comments Off

FATCA Cayman Islands Self-Certification Forms

The Cayman Islands Government have issued FATCA Self-Certification Forms for investors.

The announcement and forms can be found below:

http://tia.gov.ky/pdf/Entity_Self_-_Certification_Form.doc

http://tia.gov.ky/pdf/Individual_Self_-_Certification_Form.doc

These can be adapted and added to subscription documents now as they are required for new investors from 1 July 2014 – see this Article for the timelines for compliance.

 

By |July 25th, 2014|Publications|Comments Off

Cayman Islands Director Registration

24 July 2014

The Directors Registration and Licensing Law 2014 (the “Directors Law”) – is now in force from 4 June 2014

 

CLICK HERE FOR THE REGULATIONS AND THE LAW

 

The Directors Registration and Licensing Law 2014 came into force on 4 June 2014.  It requires the registration of all directors of mutual funds that are registered with the Cayman Islands Monetary […]

By |July 25th, 2014|Publications|Comments Off

CIMA Statement of Guidance For Mutual Funds December 2013

The Cayman Islands Monetary Authority have issued a Statement of Guidance for Mutual Funds applicable to all CIMA registered Hedge Funds.

The Statement of Guidance can be found HERE.

Q. What is the particle impact of a hedge fund board of directors?

A. The main requirements are:

- A minimum of Two Board Meetings per year are required.

- Directors should […]

By |July 24th, 2014|Publications|Comments Off

FATCA TIMELINE FOR CAYMAN ISLANDS FUNDS 7 April 2017

7 April 2017

FATCA is now in effect (1 July 2014) although the first reporting for Cayman Islands hedge funds is not required until 1 January 2015.

The investor requirements applicable timelines for Cayman Islands Hedge Funds are set out below.

 

Each fund must have:

A)     a self-certification form (click HERE for the Self-Certification Form issued […]

By |July 24th, 2014|Publications|Comments Off

The Cayman Islands Government have released the final FATCA Guidance Notes 22 July 2014

The Cayman Islands Government have released the final FATCA Guidance Notes on 22 July 2014

Please click HERE for the PDF version of the FATCA Guidance Notes

By |July 24th, 2014|Publications|Comments Off

Television Appearance by Victor Murray regarding a hedge fund regulatory update 2012

Television Appearance by Victor Murray regarding a hedge fund regulatory update bringing speakers from the Cayman Islands Monetary Authority and from a US Law Firm to speak to the Cayman Islands Directors Association, September 2010

Click here for the full article.

By |July 17th, 2014|Publications|Comments Off