Further to their notice dated 25 March 2020, the Cayman Islands Monetary Authority (“CIMA”) wishes to advise of the following:

Extension Fees

There are no fees associated with the recently published extensions for filing regulatory returns. However, all other fees remain in effect and are payable upon the relevant regulatory filing being made. CIMA expects that all submissions will be filed on or before the extended deadline, unless otherwise notified. Please be reminded that the list of all CIMA related regulatory filing extensions can be found here.

Notarised Affidavits for New Fund Submissions

In lieu of a notarised affidavit, CIMA will accept written confirmation from an operator of a fund, applying to be registered/licensed pursuant to the Mutual Funds Law or Private Funds Law, authorising the registered office or other service provider to file the fund’s registration/application on behalf of the operator.

Certified Resolution for Fund De-registration/Cancellation

CIMA will accept uncertified resolutions that confirms the de-registration/cancellation date of a fund. We trust that these decisions taken will lessen some of the challenges licensees and registrants may face as a result of any disruptions to normal business operations during these times. As the developments surrounding the global pandemic continue to unfold, CIMA will maintain dialogue with industry representatives and make adjustments where it is appropriate or necessary to do so.

(Via Press Release)