Deadline extended for first filing of audited accounts and associated FAR form by Private Funds
On 19 April 2021, the Cayman Islands Monetary Authority (CIMA) issued an industry notice regarding fund annual return (FAR) filings for private funds registered under the Private Funds Act (Revised) (Private Funds). The notice, which may be accessed here, confirms that the deadline for the first filing of audited accounts and the associated FAR form by all Private Funds has been extended to 30 September 2021. Private Funds will not be subject to penalties for non-compliance with annual audit filing requirements prior to the revised deadline.
The extension relates only to the FAR forms for Private Funds. FAR forms relating to mutual funds registered under the Mutual Funds Act (Revised) must still be filed within six months of the relevant financial year end.
For further information on the requirements affecting your private fund, feel free to contact your usual contact at Bell Rock or firstname.lastname@example.org