Wed, Jul 27, 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. Opalesque Exclusive: California-based manager launches long/short equity hedge fund with unique algorithm[more]

    Benedicte Gravrand, Opalesque London for New Managers: SJL Capital LLC, an investment advisory firm based in California, has launched its maiden fund, the SJL MarketDNA Hedge Fund LP. The fund, which began trading

  2. Manny Roman to move from Man to Pimco[more]

    Benedicte Gravrand, Opalesque London: Emmanuel (Manny) Roman, an investment world veteran, has been hired by PIMCO, the large US bond fund house, as chief executive officer. PIMCO's current CEO Douglas Hodge will assume a new role as managing director and senior advisor when Roman joins P

  3. HFR: Hedge funds post strong gains in mid-July as markets recover from Brexit losses[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted strong gains through mid-July as the equity markets continued the recovery from Brexit losses. The HFRX Market Directional Index gained +2.17% (+4.22% YTD) and the HFRX Global Hedge Fund Index gained +1.03% through mid-month (+0.19%

  4. News Briefs - Carlyle goes on trial for a financial-crisis meltdown, Private equity and venture capital outperformed public markets in 2015, Pippa Middleton gets engaged to hedge fund manager James Matthews[more]

    Carlyle goes on trial for a financial-crisis meltdown Carlyle Group co-founder Bill Conway was in court on this small island last week recounting one of the most bruising episodes in his private-equity firm’s history: the 2008 collapse of mortgage-bond fund Carlyle Capital Corp. Carlyle

  5. …And Finally - Two men fall off cliff playing Pokemon Go[more]

    From BizarreNews.com: Two men who fell from a seaside cliff north of San Diego told authorities they became distracted while playing augmented reality game Pokemon Go. Encinitas fire Battalion Chief Robbie Ford said one of the men fell about 50 feet down the bluff in Encinitas while the other man fe