Mobile Menu
Alerts

AIFMD Update - New AIFMD Regime for Cayman Islands Investment Funds and Cayman Islands Investment Fund Managers

July 2015 Craig T. Fulton

Cayman Islands based investment funds and investment managers are regulated by the Cayman Islands Monetary Authority (“CIMA”) under the Mutual Funds Law ("MFL") and Securities Investment Business Law ("SIBL") respectively. The Cayman Islands government has recently proposed amendments to these laws in order to create a Cayman Islands regulatory regime which is consistent with the standards of regulation under the Alternative Investment Fund Manager Directive (“AIFMD”). It is hoped that by introducing a regime in the Cayman Islands which is consistent with the AIFMD (a “Cayman AIFMD Regime”), the European Securities and Markets Authority (“ESMA”) and European Commission (“EC”) will consider the Cayman Islands for an AIFMD passport extension when it carries out its forthcoming country by country review later this year. Currently, Cayman Islands entities are able to operate within the national private placement regime under the AIFMD but this regime is anticipated to stay in place only until 2018.

 

To continue reading full articles in PDF format:
AIFMD Update - New AIFMD Regime for Cayman Islands Investment Funds and Cayman Islands Investment Fund Managers

 


Craig T. Fulton
Partner

CAYMAN ISLANDS   +1 345 814 7372


Accolades
_

"Few firms can come close to Conyers on one critical metric, and this is the breadth of the client base."
- IFLR1000

expertise

Investment Funds


Related Jurisdictions

Cayman Islands


Related International Markets

Cayman Islands
Hong Kong
London
MENA
Singapore


Media Contact

For media enquiries, please contact media@conyersdill.com

Alerts

AIFMD Update - New AIFMD Regime for Cayman Islands Investment Funds and Cayman Islands Investment Fund Managers

16 July 2015 Craig T. Fulton

Cayman Islands based investment funds and investment managers are regulated by the Cayman Islands Monetary Authority (“CIMA”) under the Mutual Funds Law ("MFL") and Securities Investment Business Law ("SIBL") respectively. The Cayman Islands government has recently proposed amendments to these laws in order to create a Cayman Islands regulatory regime which is consistent with the standards of regulation under the Alternative Investment Fund Manager Directive (“AIFMD”). It is hoped that by introducing a regime in the Cayman Islands which is consistent with the AIFMD (a “Cayman AIFMD Regime”), the European Securities and Markets Authority (“ESMA”) and European Commission (“EC”) will consider the Cayman Islands for an AIFMD passport extension when it carries out its forthcoming country by country review later this year. Currently, Cayman Islands entities are able to operate within the national private placement regime under the AIFMD but this regime is anticipated to stay in place only until 2018.

 

To continue reading full articles in PDF format:
AIFMD Update - New AIFMD Regime for Cayman Islands Investment Funds and Cayman Islands Investment Fund Managers

 


Craig T. Fulton
Partner

CAYMAN ISLANDS   +1 345 814 7372


 

expertise

Investment Funds


JURISDICTION(S)

Cayman Islands


International Office(s)

Cayman Islands
Hong Kong
London
MENA
Singapore