CIMA Publishes Revised Regulatory Procedures for the De-registration of Cayman Islands Funds
The Cayman Islands Monetary Authority (CIMA) has issued new regulatory procedures for Cayman Islands open-ended funds regulated under the Mutual Funds Act and for closed-ended funds registered under the Private Funds Act. The new de-registration procedures relate to the timing of the de-registration process and the elimination of the option to place a fund in "License under the Termination" (LUT) or "license under Liquidation" (LUL) status with CIMA. Under the new de-registra