The introduction of the PF Law builds upon the reputation of the Cayman Islands as a co-operative and transparent jurisdiction and is an important step in the evolution of the Cayman Islands as a leading jurisdiction for the formation of private fund vehicles. The PF Law’s introduction is also indicative of increased regulatory oversight of the investment management industry globally, and while this can be seen as a positive development (notwithstanding the short-term growing pains as the regime is implemented), the PF Law has resulted in significant changes to the supervision, regulation and registration requirements of such vehicles in the Cayman Islands and so is of relevance to sponsors, service providers and lenders to private funds.
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The Cayman Islands Private Funds Law and its impact on Fund Finance
This article was first published in GLI – Fund Finance 2021.