Withdrawal of Operator Letters in Lieu of Notarised Affidavits

The Cayman Islands Monetary Authority (“CIMA” or “the Authority”) wishes to advise that the notice issued on 30 March 2020, which permitted the submission of operator letters in lieu of notarised affidavits for fund registration and licensing applications under the Mutual Funds Law and Private Funds Law, will be withdrawn, effective 15 October 2025.

This temporary measure was introduced during the COVID-19 pandemic to accommodate industry challenges. As normal operations have since resumed, this accommodation is no longer applicable.

From 15 October 2025, CIMA will no longer accept operator letters as a substitute for notarised affidavits. All applications for registration or licensing under the Mutual Funds Act (2025 Revision) and the Private Funds Act (2025 Revision) must be accompanied by duly notarised affidavits, in accordance with the Authority’s standard requirements.

The Authority reminds industry participants to ensure compliance with the applicable legislative and regulatory requirements to avoid delays in the processing of applications.

Should you have any questions regarding this notice, please contact the Investments Supervision Division at ContactInvestments@cima.ky.