Cayman moves to tighten hedge fund corporate governance
The Cayman Islands Monetary Authority has begun a consultation on corporate governance of regulated hedge funds. The move should bring the financial centre closer in line with other jurisdictions.
After contemplating changes for a few years, the Cayman Islands Monetary Authority (Cima) has finally published a consultation on the governance and transparency of hedge funds registered in the offshore domicile.
‘The move by Cima comes as the regulator tries to find a way to respond to investor concerns about corporate governance as well as tighten its regulatory oversight of funds. At the same time Cima believes to some extent it is the market that should determine what it wants from directors
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