Sun, Aug 28, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Cayman Islands initiates e-registration for new fund launches

Tuesday, September 18, 2012

From Komfie Manalo, Opalesque Asia – Cayman Islands’ regulator has introduced an innovative rule that will make new hedge fund launches more efficient and faster.

Alric Lindsay, a corporate lawyer, an independent fund director and a director of Lindsay Fiduciary Services, said in a report on Sunday that the Cayman Islands Monetary Authority (CIMA) had introduced e-registration to enable fund managers hassle-free and paperless transaction when launching a new fund.

CIMA made the announcement last week and boasted that the new rule would allow fund managers and other service providers to handle less hard copies of documents.

With e-registration, fund managers can submit their applications electronically, which will be received by CIMA analysts real time thus allowing for quicker review of the application. It will also enable a faster response from regulators for queries coming from Cayman fund directors and fund managers.

"With the advent of e-registration, fund managers and Cayman directors will have more certainty regarding the date that the Cayman fund may commence trading," the report explains. "For example, it was previously understood by stakeholders that CIMA would issue a certificate of registration to a Cayman fund which would bear date of the submission of the hard copy of Cayman fund documentation. Th......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Strategies - The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I, Hedge funds get more pushback on terms as enthusiasm for strategy wanes[more]

    The 'Holy Grail' hedge fund strategy to handle a black swan the size of World War I From IBTImes.co.uk: To illustrate a strategic gap common to today's portfolio managers, George Sokoloff, PhD, founder and CIO at Carmot Capital, proposes an interesting thought experiment – a breakdown of

  2. Institutional investors - Investors set to increase allocation to private debt, With investment income key, Richmond retirement system faces funding challenges[more]

    Investors set to increase allocation to private debt Investors are set to increase their allocation to private debt, with 60% revealing they believe the private debt market will grow over the next 12 months, according to a new study by Elian, a leading funds services provider. 41%

  3. Investing - Hedge funds snap up banks, unload Apple, Some of hedge funds' favorite stocks are finally starting to beat the market, Einhorn's Greenlight shifts positions, Treasury yield climbs to two-month high as Fischer joins hawks, 9 stocks smart investors put their money in last quarter[more]

    Hedge funds snap up banks, unload Apple From Barrons.com: Prominent hedge funds have a newfound love of big banks, and some have a distaste for shares of Apple, regulatory filings released last week show. The filings suggest that the funds have been pivoting their portfolios in recent mon

  4. Chesapeake energy seeks $1 billion loan to refinance debt[more]

    From Bloomberg.com: Chesapeake Energy Corp. is seeking a $1 billion loan as the company battered by cratering fuel prices and credit downgrades takes a step to address its $9 billion debt load. The natural gas producer hired Goldman Sachs Group Inc., Citigroup Inc. and Mitsubishi UFJ Financial Group

  5. Institutions - Nordic pension funds magnify focus on unlisted and direct investing, building up teams[more]

    From IPE.com: As bond yields remain at low or negative levels, pension funds and other institutional investors in the Nordic region are stepping up efforts to find higher returns by adding more unlisted investments to portfolios and are expanding in-house teams in order to do this, according to new