Cayman mutual fund, s.4(4) (up to 15 investors): sourced answers
1 answer to specific questions — each with a verbatim quote from an official source and a link to it.
Every answer is checked against a verbatim quote from a stored copy of its source and has passed an independent review. This is reference information, not legal advice: rules change, and the outcome depends on your circumstances.
Fund: supplement to the legal-form questionnaire
What is the maximum net asset value of the fund
None
«n respect of the fund. (4) A mutual fund may carry on or attempt to carry on business in or from the Islands without complying with subsection (1) if — Page 16 Revised as at 1st January, 2025 c Mutual Funds Act (2025 Revision) Section 4 (a) the equity interests are held by not more than fifteen investors, a majority of whom are capable of appointing or removing the operator of the fund and unless an exemption from this requirement has been granted by the Authority — (i) there is filed with the Authority a certified copy of an extract of the constitutional documents of the mutual fund specifying that a majority of the investors in number are capable of appointing or removing the operator of the mutual fund; (ii) there is filed with the Authority such other information as may be required in the prescribed form; (iii) it is registered with the Authority in the prescribed manner; and (iv) the prescribed annual registration fee has been paid in respect of the mutual fund; …»
Source: cima.ky · source copy as of 2026-10-03
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