Cayman Islands:
CIMA Extends Deadline For First Filing Of Audited Accounts And Associated FAR Form By Private Funds To 30 September 2021
22 April 2021
by
James Bergstrom
,
Tim Cone
,
Angus Davison
,
Bradley Kruger
,
Joanne Huckle
,
Nick Rogers
,
Justin Savage
,
Dave Sherwin
,
Giorgio Subiotto
,
Emma Sutherland
,
Kate Hodson
and
Nicholas Plowman
Ogier
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On 19 April 2021, the Cayman Islands Monetary Authority
(CIMA) issued an industry notice regarding fund
annual return (FAR) filings for private funds
registered under the Private Funds Act (Revised) (Private
Funds).
The notice, which may be accessed here, confirms that the deadline for the first
filing of audited accounts and the associated FAR form by all
Private Funds has been extended to 30 September
2021. The notice also makes clear that Private Funds will
not be subject to penalties for non-compliance with annual audit
filing requirements prior to the revised deadline.
The extension relates only to the FAR forms for Private Funds.
For the avoidance of doubt, FAR forms relating to open-ended mutual
funds registered under the Mutual Funds Act (Revised) must still be
filed within six months of the relevant financial year end.
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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