Japan opens to Cayman funds

Nov 13, 2003

The Cayman Islands has amended its regulations to ensure mutual funds are acceptable to Japanese distributors.

The Cayman Islands Monetary Authority (CIMA) will introduce new regulations effective November 19th to provide a new regulatory regime for mutual funds that are marketed to the public in Japan. The Caymans is the largest offshore centre in the world, with 3,593 registered funds as of December, 2002, many of which are hedge funds.

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