New CIMA Rule On Regulatory Reporting Standards

New CIMA Rule on Regulatory Reporting Standards
Apr 27, 2011

CaymanHedgeFunds.com reports:

"The Cayman Islands Monetary Authority ('CIMA') has issued a new Rule on Regulatory Reporting Standards (the 'Rule'), effective 1 August 2011, which applies to Cayman Islands investment funds registered with CIMA.The new Rule only applies to reports due from 1 August 2011 onwards. However, where a report is due before 1 August 2011 and an extension is granted which results in the extended deadline falling after 1 August 2011, the Rule will also apply. The intention is to give funds and their advisors sufficient warning of the Rule’s terms before implementing it later this year. The Rule provides that..." Click for Full Article