HF Funds Services is delighted to announce the appointment of Monette Windsor as Director in its Cayman Islands office. HF Funds Services, a member of the Equiom group, provides high-calibre independent directors to alternative investment funds and investment management companies.
Previously, Monette was the Managing Director of MUFG Alternative Fund Services (Cayman) Limited, (formerly UBS Fund Services (Cayman) Ltd) with overa..
In February 2020, the Cayman Islands were placed on the EU's list of non-cooperative jurisdictions for tax purposes. It is believed that this occurred as a result of Cayman's legislative changes (relating to the regulation and oversight of collective investment fund vehicles) coming into force a few days too late to be considered at the EU's Code of Conduct Group meeting on February 4, 2020.
Following a meeting of t..
On February 7, 2020 the Cayman Islands Government enacted an amendment to the Mutual Funds Law (2020 Revision). This amendment will impact any open-ended fund carrying on business in or from the Cayman Islands that were previoulsy exempt from regulation by the Cayman Islands Monetary Authority under section 4(4) of the Mutual Funds Law. Generally funds that were previouls exempt under section 4(4) by virtue of the fact that the equ..
On February 7, 2020, the Cayman Islands Government enacted the Private Funds Law, 2020. This law will require certain closed-ended funds to register with the Cayman Islands Monetary Authority. A "private fund" is considered to be any company, unit trust or partnership whose principal buisness is the offering and issuing to investors of its participating, non-redeemable investment interests, the purpose or effect of which ..
The Cayman Islands Government has passed the Securities Investment Business Law, 2019. The updated law will bring changes to the regulatory and supervisory framework to these entities that are currently registered as "excluded persons" with the Cayman Islands Monetary Authority. This will impact Cayman Islands fund managers that are currently registered as Excluded Persons and will require them to re-register as Registere..