Investment Fund Market Guide – Cayman Islands
Key features (Register market)
| Yes/No | Remarks |
Settlement free of payment | Yes |
|
Settlement against payment | Yes | Refer to CBL’s Eligible currencies and the fund currency specified in fund prospectus. |
Disclosure Requirements | Yes | Refer to Disclosure Requirements – Investment Funds – Cayman Islands. |
Restrictions on customer | No |
|
Restrictions on settlement | No |
|
| Remarks |
Market type / link type (Settlement link) | Register market |
Eligible fund types in CBL | Register market: Funds structured as Exempted Company, Segregated Portfolio Company, Unit Trust and Exempted Limited Partnership CSD link: n/a |
Eligible fund types in CBL
Register market
Common fund vehicles in Cayman Islands include:
- Exempted Company – The exempted company may redeem or purchase its own shares and may therefore operate as an open-ended corporate fund. Closed-ended corporate funds may also be structured as an exempted company.
- Segregated Portfolio Company (SPC) – A company established as SPC allows its assets and liabilities to be allocated to different cells or segregated portfolios within the company. Those assets and liabilities in each portfolio would be held separately, and will not form part of the general assets of the company itself.
- Unit Trust – Generally established under a trust deed with the investors’ interest held as trust units.
- Exempted Limited Partnership (ELP) – Can be established for both open and closed-ended funds. ELP is the most common vehicle for closed-ended funds such as private equity, venture capital, real estate funds etc.