Don Ebanks (CIDA) and Heather Smith (Cayman Islands Monetary Authority) discuss the Private Funds Act
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The Private Funds legislation has introduced regulation to closed end funds, which is broadly in line with existing requirements for hedge funds. There are, however, some important new requirements for ongoing compliance in Sections 16 through 19 as well as Rules that provide more detailed requirements in certain areas.
Given that we will […]