CIMA Notice - Regulated Mutual Funds in LUL or LUT

Any operator or liquidator of a regulated mutual fund placed in Licence Under Liquidation (“LUL”) or Licence Under Termination (“LUT”) will need to be mindful of the Fund’s continuing notification and filing obligations to the Cayman Islands Monetary Authority (“CIMA”).

In a notice published on 29 September 2016 (the “Notice”), CIMA set out the duties of operators and liquidators of funds in LUL or LUT, and outlined certain of CIMA’s powers under the Mutual Funds Law (as amended) (“MFL”).

 

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