Modernizing the Mutual Funds Law in the Cayman Islands

 Cayman's mutual fund industry is proof of Darwin's theory that overdo takes place on peak of long periods. Admittedly it is taking years rather than millennia, however, the process of modernizing the legislation governing Cayman's mutual fund industry appears to be a perplexing process.

Rapid growth in Cayman's hedge fund industry is the backdrop against which the current review of the regulatory regime is happening. The number of funds registered or licensed bearing in mind the Cayman Islands Monetary Authority (CIMA) has been growing at a scarcely believable pace.

CIMA avowed a energetic organization of representatives from the Cayman Islands Fund Administrators Association, the Cayman Islands Society of Professional Accountants, the Cayman Islands Law Society and the Cayman Islands Bar Association to scrutinize the recommendations of CIMA's own Policy and Research Division which has examined the regulation of the mutual funds industry.

The perky society's drive is to supplementary associate the regulation of the funds industry, behind a view to striking a acquit yourself together along also the demands of a competitive offshore financial center and the international standards requested of a well along offshore financial center by a number of international bodies.

Hedge fund association

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