Insights

09 Jun 2021

IMS adds David Acutt to Fund Director Team

Our team of fund directors are excited that David will be serving with them on the boards of a variety of investment funds and associated entities.

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01 Jun 2021

CIMA’s Rules on Calculation of Asset Values for Cayman Regulated Funds

Gary Butler, IMS Managing Director, provides a brief summary of CIMA’s Rule on Calculation of Asset Values for Regulated Funds.

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16 Mar 2021

Founder Of $90 Million Cryptocurrency Hedge Fund Charged With Securities Fraud

Sean Inggs, a corporate and funds lawyer by background and a professional independent director at IMS discusses the recent news surrounding Stefan Qin, founder of the Virg..

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08 Dec 2020

Cayman Private Funds – New Regulatory Policy for Valuation Exemption

In September 2020, CIMA issued a new regulatory policy labelled Exemption from Valuation Requirement for a Private Fund. It outlines the criteria used and the required documen..

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07 Dec 2020

Cayman Mutual Funds – Updates to the Financial Annual Return (FAR) and Request..

CIMA recently issued a notice advising that the FAR form for Mutual Funds has been updated as outlined in the Mutual Funds Regulations, 2020. They also informed with a separat..

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01 Dec 2020

IMS 2020 Roundup

James Macfee, Fund Director at IMS covers the year that was 2020 including the local and global effects of COVID, Cayman specific-events and of course major regulatory chan..

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07 Sep 2020

The Lowdown on the Cayman Islands Insurance Industry

The Cayman Islands is the second largest domicile for captive insurance companies and is the number one domicile for healthcare captives. IMS's Damien Austin discusses types o..

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31 Aug 2020

An Executive Summary of Cayman Islands Trusts

The Trusts Law (the "Trusts law"), the Fraudulent Dispositions Law and the Perpetuities Law of the Cayman Islands makes it a most attractive jurisdiction in which to establis..

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24 Aug 2020

The End of Life Process for Cayman Vehicles

If your Cayman vehicle has come to the end of its life cycle, now is the time to initiate the process to avoid or reduce any unnecessary 2021 annual government, registration/l..

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17 Aug 2020

Recently Updated and Newly Issued Rules for Cayman Funds

More recently and to be in line with the EU and OECD directives, CIMA's rules for licensed mutual funds were expanded to include registered mutual funds as well as the newly r..

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10 Aug 2020

DeFi for Blockchain and Digital Assets

Sean Inggs, a corporate and funds lawyer by background, one of the professional independent directors at IMS, looks into the new and exciting arena of DeFi for blockchain and ..

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20 Jul 2020

Newly Launched Cayman Funds – How To Navigate Current Audit Requirements

All Cayman regulated mutual and private funds are required to have their financial accounts audited on an annual basis by an auditor approved by the Cayman Islands Monetary Au..

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16 Jul 2020

Important Changes to the Scope of Cayman’s Private Funds Law 2020

On 7 July 2020 the Cayman Islands Government have enacted an amendment to the Private Funds Law, 2020 (the “PFL”). This clarifies and extends the scope of entities to be c..

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16 Jul 2020

Changes to Beneficial Ownership Requirements Introducing New Fines

Effective from 29 June 2020, the Cayman Registrar of Companies has the authority to impose administrative fines for companies that breach specified beneficial ownership provis..

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16 Jul 2020

New Private and Limited Investor Funds - Registration Deadline Approaching

The deadline of 7 August 2020 for the newly introduced Private and Limited Investor Funds to register with the Cayman Islands Monetary Authority (“CIMA”) is fast approachi..

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16 Jul 2020

COVID19: Extensions for Cayman Annual Returns Coming to an End

The Cayman Islands’ Registrar of Companies and Exempted Limited Partnerships has previously extended the deadline for entities to complete their annual returns to 30 June 20..

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