Private Funds

The audited financial statements and Fund Annual Return (FAR) for private funds must be completed and submitted through Cmrai's Regulatory Enhanced Electronic Forms Submission (REEFS) system using either form PFR-049-77 or PFR-049-77-02. Unlike the process for Mutual Funds FAR submissions, as detailed on page 5 of the Private Fund FAR Completion Guide, these submissions must be made by designated submitters, such as a local Cayman Islands auditor or other local service providers.

Mutual Funds

All funds governed by the Mutual Funds Act (as revised) with a financial year-end on or after 30 June 2020 are required to use FAR Form Version 4.0. Several sections of FAR Form Version 4.0 have been revised to collect additional information as specified in the Mutual Funds (Annual Returns) (Amendment) Regulations, 2020. The relevant sections of the Completion Guide have also been updated to clarify the requirements for those sections.

This form is intended to provide a systematic and standardised means of alerting the Authority of cyber breaches, and to provide periodic update reports through to incident resolution. A cyber incident should be reported immediately when it is deemed to have a material impact or has the potential to become a material incident. Material cyber threats may include instances of significant loss of data or system controls; potential to impact a significant volume of clients; where unauthorised parties are able to gain or has gained access to your systems; unauthorised parties are able to introduce material, software, viruses, or spyware to your systems; and/or alter or extract data from your systems. Forms should be submitted to [email protected].    

The Authority requires that every director, officer, manager and shareholder who is a natural person holding more than 10%, who wishes to be appointed to a company licensed under Sections 4(1)(a), 11(1) and 11(2) of the Mutual Fund Administrators Licence (Applications) Regulations, complete a personal questionnaire and submit it with the supporting documentation described in Form MF3. See listed application forms above.