Matt Mulry

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Articles

What steps should a Cayman fund take to comply with the new Cayman beneficial ownership regime?

Oct 30, 2024 | caymanfinance.ky | Matt Mulry

All Cayman Islands funds (other than unit trusts) are required to identify “required particulars” in relation to their investors and provide those particulars to the Cayman Islands Ministry of Financial Services under the Beneficial Ownership Transparency Act (the Act). Once identified the required particulars must be kept up to date and can be made available to certain government agencies in the Cayman Islands and the United Kingdom but not, as yet, to the public.
What Are the Duties of the Anti-Money Laundering Officers of a Cayman Fund?

Oct 2, 2024 | lexology.com | Matt Mulry

All Cayman Islands funds are required to designate a natural person at managerial level as their Anti-Money Laundering Compliance Officer (AMLCO), Money Laundering Reporting Officer (MLRO) and Deputy MLRO (DMLRO). This publication outlines the primary duties of each of the AMLCO, MLRO and DMLRO (AML Officers) as they apply to hedge funds, private funds and unregulated funds in the Cayman Islands (Funds).
Corporate/Commercial Law

Sep 24, 2024 | mondaq.com | Matt Mulry

Here are some common compliance questions that arise for Mutual or Private Funds in the Cayman Islands following the Cayman Islands Monetary Authority's (CIMA) issuing of rules on corporate governance and internal controls (Rules) applicable to all its regulated entities. The Rules, which apply to both hedge funds and private equity funds registered with CIMA, have been effective since October 2023. It is not necessary to adopt formal policies and procedures.
Internal Controls For Cayman Regulated Entities

Sep 5, 2023 | mondaq.com | Matt Mulry |Jonathan Law

The Cayman Islands Monetary Authority ("CIMA") has issued rules on internal controls (the "Rules") applicable to all regulated entities1 (each an "Entity") which set out five components of internal control to be addressed by each Entity and which will take effect from 14 October 2023.
Corporate Governance For Cayman Regulated Entities

Sep 4, 2023 | mondaq.com | Matt Mulry |Jonathan Law

For further information on any of the issues discussed in this publication please contact the related contact(s) on this page. The Cayman Islands Monetary Authority ("CIMA") has issued rules of corporate governance (the "Rules") applicable to all regulated entities1 (each an "Entity") which set out fourteen broad areas of corporate governance to be addressed by each Entity and which will take effect from 14 October 2023.
Internal Controls for Cayman Regulated Entities

Sep 4, 2023 | lexology.com | Matt Mulry |Jonathan Law

The Cayman Islands Monetary Authority (“CIMA”) has issued rules on internal controls (the “Rules”) applicable to all regulated entities (each an “Entity”) which set out five components of internal control to be addressed by each Entity and which will take effect from 14 October 2023.
Corporate Governance for Cayman Regulated Entities

Sep 1, 2023 | lexology.com | Matt Mulry |Jonathan Law

The Cayman Islands Monetary Authority (“CIMA”) has issued rules of corporate governance (the “Rules”) applicable to all regulated entities (each an “Entity”) which set out fourteen broad areas of corporate governance to be addressed by each Entity and which will take effect from 14 October 2023. The application of the Rules is subject to a proportionality test based on the entity’s size, complexity, structure, the nature of its business and the risk profile of its operations.