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Cayman Islands Monetary Authority
PO Box 10052, 80 Shedden Road
Elizabethan Square,
Grand Cayman KY1 - 1001
CAYMAN ISLANDS

Call Us On

+1 (345) 949-7089

Business Hours

Mon - Fri: 8.30 AM - 5.00 PM

Investment Funds Regulatory Measures

Section 34 of the Monetary Authority Law enables the Authority to issue or amend Rules, Statements of Guidance and Statements of Principle. In addition, Section 48 provides for the issuance of a Regulatory Handbook to contain the policies and procedures of the Authority in carrying out its regulatory and co-operative functions.

Below is an index of measures that contains a checklist for RulesStatements of GuidanceRegulatory PoliciesRegulatory Procedures and Forms that pertain to the Investment Funds sector.


Rules

A clear and precise directive issued to licensees on a subject matter that the Authority considers essential for the prudential supervision of regulated entities and which creates binding obligations on all licensees and for which a breach may lead to the imposition of a fine or regulatory action being taken against the licensee by the Authority pursuant to the exercise of its powers under the regulatory laws.

Statement of Guidance ("SOG") 

Guidance intended to assist licensees to comply with relevant laws, regulations, rules and statements of principles or to describe standards for conduct of business. Guidance contains recommendations on how licensees should operate and represent a measure against which the Authority will assess compliance by licensees.

LEGISLATION  click for link
  Rule SOG Policy Procedure Form
LICENSING           
Registration - Mutual Funds        

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Licensing - Mutual Funds

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Licensing - Mutual Fund Administrator

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Approval of an auditor

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Local Auditor Sign Off -Mutual Funds and Mutual Fund Administrators

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Fitness and Propriety

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Consolidated Supervision

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Cancellation of Licence or Certificate of Registration of Regulated Mutual Funds

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Mutual Funds/Mutual Fund Administrators-Where contact is lost

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Issuing notices of decisions to declined applicants

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Approved Stock Exchanges

   

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List of Approved Stock Exchanges     View    

Regulatory Policy - Criteria for Approving Changes in Ownership and Control

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Use of Restricted Words     View    
           
 BUSINESS CONDUCT           

Outsourcing – Regulated Entities

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 Corporate Governance - Licensees

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 Corporate Governance - Regulated Mutual Funds

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 Nature, accessibility and retention of records

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 Use of The Internet

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 Marketing Policies of Licensees

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 Business Continuity Management

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 Segregation of Assets 

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 Contents of Offering Documents

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 Waiver of Audit

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Professional Indemnity Insurance

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Recognised Overseas Regulatory Authorities      View    
List of Recognized Overseas Regulatory Authorities      View    
           
 PRUDENTIAL STANDARDS           

 Calculation of Asset Values

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 REPORTING 

         

 Prudential Reports and Statistical Returns

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Coordinated Portfolio Investment Survey         View
           

 Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) 

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