Cayman Islands:
Termination And De-Registration Of Cayman Regulated Funds: Consider Action Now To Reduce 2018 Fees
13 September 2017
Harneys
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Managers of Cayman Islands regulated funds who are reviewing
whether to wind any funds down before the end of 2017 may want to
act promptly to avoid or reduce the annual 2018 Cayman Islands
Monetary Authority (CIMA) fees and
related costs. Regulated funds which file their de-registration
documents with CIMA before 31 December 2017 will not be liable to
pay the 2018 CIMA fees, currently US$4,268 for a regulated feeder
fund and US$3,048 for a regulated master fund. Funds may also save
related service provider fees, including annual audit fees, once
they have de-registered.
Download the full version of this legal update here.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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