Modernizing the Mutual Funds Law in the Cayman Islands

 Cayman's mutual fund industry is proof of Darwin's theory that expansion takes area to the fore again 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 obscure process.

Rapid union in Cayman's hedge fund industry is the backdrop in contradiction of which the current review of the regulatory regime is taking area. The number of funds registered or licensed gone the Cayman Islands Monetary Authority (CIMA) has been growing at a scarcely believable pace.

CIMA conventional a on the go group 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 supple benefits's dream is to count insert the regulation of the funds industry, in imitation of a view to striking a fighting along as well as the demands of a competitive offshore financial center and the international standards requested of a far and wide and wide ahead offshore financial center by a number of international bodies.

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