Thu, Mar 28, 2024
A A A
Welcome Guest
Free Trial RSS pod
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

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1