The Private Funds Law, 2020 and Mutual Funds (Amendment) Law, 2020 are now in force.
The legislation aims to modernise the oversight of investment funds.
The changes would provide additional surety and transparency for investors and managers.
Following a year of new regulatory changes and just days before the Private Funds Act was enacted, Cayman Funds magazine in association with EY held a roundtable discussion to take the pulse of funds professionals on Cayman. While the overall mood was optimistic, the discussion also centred on the continuous pace of change and the challenges this presents.
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CIMA was established on 1 January 1997.