Upcoming updates to Mutual Fund and Private Fund De-Registration Forms

The Cayman Islands Monetary Authority (the “Authority”) advises industry stakeholders that updates to the forms used to submit mutual fund and private fund de-registrations within the REEFS portal will take effect on 8 November 2025.

These updates are part of the Authority’s ongoing efforts to streamline the de-registration process and enhance the accuracy and completeness of submissions made through REEFS.

Effective 8 November 2025, the following updated forms will be introduced:

• TMF-147-22 v2 Form (Termination of a Mutual Fund or Private Fund) – supersedes the existing TMF-147-22 Form and expands its scope to include both mutual funds and private funds.
• TRS-142-99 v2 Form (Termination of a SP or Series Trust or Sub-Fund) - supersedes the existing TRS-142-99 Form and expands its scope to include private fund sub-funds and alternative investment vehicles (“AIVs”) (where the AIV is not separately registered as a private fund).

From the effective date, all de-registration applications must be submitted via REEFS using the new forms. Incoming submissions of private fund (including their related sub-fund and AIV) de-registration applications via email to Terminations@cima.ky will no longer be accepted.

The updated forms have been developed to align more closely with the Regulatory Procedure – Cancellation of Licences or Certificates of Registration for Regulated Mutual Funds and the Regulatory Procedure – Cancellation of Certificates of Registration for Registered Private Funds (together referred to as the “Cancellation Procedures”).

These enhancements are intended to increase process efficiency, improve the accuracy and completeness of submissions, and promote greater consistency across both mutual and private fund de-registrations.

Transition Period (8–20 November 2025)

To support ongoing applications, the following transitional arrangements apply:

A. Mutual Fund and Private Fund De-registrations

• Applications currently in progress (i.e., submitted using the original TMF-147-22 Form with an associated REEFS Request ID) may continue to be resubmitted using the original form until 20 November 2025, provided they are submitted under the same REEFS Request ID.
• Applications not resubmitted on or before 20 November 2025 will be invalidated and considered withdrawn. A new submission will then be required using the new TMF-147-22 v2 Form.
• Private fund de-registration applications submitted via email before 8 November 2025 need not be resubmitted using the new form. However, if such applications are denied, a new submission must be made using the new TMF-147-22 v2 Form.

B. Sub-fund and AIV De-registrations

• Applications currently in progress (i.e., submitted using the original TRS-142-99 Form with an associated REEFS Request ID) may continue to be resubmitted using the original form until 20 November 2025, provided they are submitted under the same REEFS Request ID.
• Applications not resubmitted on or before 20 November 2025 will be invalidated and considered withdrawn. Any new submissions thereafter must use the new TRS-142-99 v2 Form.
• Private fund sub-fund and AIV de-registration applications submitted via email before 8 November 2025 need not be resubmitted; however, if such applications are denied, a new submission must be made using the new TRS-142-99 v2 Form.

For additional information or queries, please contact Terminations@cima.ky.