Mitsubishi UFJ Fund Services, a global asset administrator, has acquired Meridian Fund Services Group, a fund administrator with $14 billion of assets under administration. Both firms have a presence in the Cayman Islands.
Maples Fund Services, the global funds service provider with a substantial presence on the Cayman Islands, has extended its regulatory reporting service to incorporate Annex IV reporting for Alternative Investment Fund Managers Directive (AIFMD).
The Cayman Islands funds industry has responded to the Foreign Tax Compliance Act (FATCA) in “suspended disbelief”, according to a new report from DMS Offshore Investment Services.
The latest survey published by the Global Financial Centres Index has again established Cayman’s strong presence among the world’s top ranking offshore financial centres.
The Securities and Exchange Commission Office of Compliance Inspections and Examinations (OCIE) has launched an initiative directed at investment advisers that have never been examined.
Appleby has admitted two Caymanian lawyers from its Articled Clerk Programme to the role of Attorneys at Law of the Cayman Islands on applications moved by Appleby (Cayman) litigation partner Peter McMaster QC.
A US Alternative Investment Fund Manager (AIFM) has registered a Cayman Alternative Investment Fund (AIF) with the German Federal Financial Supervisory Authority (BaFin) under Article 42 of the European Alternative Investment Fund Managers Directive (AIFMD).
The Ministry for Financial Services on the Cayman Islands has issued an advisory note in relation to the implementation of FATCA, which includes some clarifications in relation to Cayman financial institutions.
Proposals that revamp the existing Exempted Limited Partnerships Law have been published by the Cayman Islands Government and could be passed into law by mid-March 2014.
A new bill that changes the legal rights that individuals have when it comes to contracts has been published by the Cayman Islands Government and will be passed into law by mid-March.