Recognising the world-wide trend and phenomenal growth area in mutual funds, the Cayman Islands enacted its Mutual Funds Law in 1993 (now the Mutual Funds Law 2001 Revision). The primary objective of the law was to provide legislation for flexible but effective regulation to a fast-growing sector with widespread implications for our financial industry and position as one of the world's leading international financial centres.  In drafting the legislation, the fact that Cayman tended to attract institutional and sophisticated, high-net-worth investors was taken into consideration, as was the existing good practice and high  standard of self-regulation. The law, therefore, aims to ensure that only those with sound reputation and appropriate  expertise are permitted to establish and  administer mutual funds in the Cayman Islands. 

 Not all mutual funds are regulated under the law. Not required to be registered are close-ended funds (i.e., those with  no redemption or repurchase rights to the investors), debt issues, and funds with shares held by no more than 15  investors who by majority are capable of appointing or removing the operators of the fund (i.e., directors, trustees and  general partners).   At the end of 2001, 2,600 mutual funds with a net asset value of over US$200 billion were domiciled in the Cayman  Islands. 

IMS specialises in providing directors or operators to mutual funds administered by licensed independent mutual fund administrators.

IMS Director Services Web Site 
Hedge Fund news and articles 
IMS Funds Services 
Cayman Islands Hedge Funds 
Registration and Licensing Application Forms 
Mutual Funds Law 
Mutual Funds Law Regulations 
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International Management Services Ltd
P.O. Box 61, 
Harbour Centre
George Town, 
Grand Cayman, 
Cayman Islands 

Phone:  345 949 4244 
Fax:  345 949 8635 
Email: ims@candw.ky
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