Last Updated: 6 Aug 2020
In early 2020, the Cayman Islands Government enacted the Private Funds Law, 2020 for the registration of certain closed-ended funds, or private funds, with the Cayman Islands Monetary Authority (CIMA). The regulatory changes provide additional transparency for investors and managers of investment funds and further enhances the Cayman Islands as a leader in the global investment funds industry.
In early 2020, the Cayman Islands Government enacted the Private Funds Law, 2020 for the registration of certain closed-ended funds, or private funds, with the Cayman Islands Monetary Authority (CIMA). The regulatory changes provide additional transparency for investors and managers of investment funds and further enhances the Cayman Islands as a leader in the global investment funds industry.
Under the set of transitioning regulations, private funds have until 7 August 2020 to register with CIMA and be in compliance with the investment funds regulatory regime.
At Cartan Group, we understand that these new requirements have placed new responsibilities on our financial services professionals to register private funds in a timely manner. In order to support our financial services industry, we are pleased to introduce our Private Funds Transparency Report.
Our report summarises the list of registered private funds from CIMA’s website and monitors the progress of private funds registration as we approach the registration deadline. Our goal is to provide up-to-date data to the local financial services community.
The Private Funds Transparency Report will be updated on a weekly basis.
| Date | Registered Private Funds | Change |
|---|---|---|
| 16 May 2020 | 207 | |
| 23 May 2020 | 254 | +47 |
| 30 May 2020 | 329 | +75 |
| 6 Jun 2020 | 417 | +88 |
| 13 Jun 2020 | 520 | +103 |
| 20 Jun 2020 | 678 | +158 |
| 27 Jun 2020 | 771 | +93 |
| 4 Jul 2020 | 1,511 | +740 |
| 11 Jul 2020 | 2,283 | +772 |
| 18 Jul 2020 | 2,862 | +579 |
| 25 Jul 2020 | 4,288 | +1,426 |
| 1 Aug 2020 | 6,856 | +2,568 |
| 6 Aug 2020 | 11,193 | +4,337 |
