Cayman addresses Weavering case governance deficiencies

Jurisdiction unclear how regulator will police director capacity


Why is the Cayman Islands Monetary Authority (Cima) reforming the fund governance regime in the islands?
The move by Cima to reform and upgrade the mutual funds governance regime in the Cayman Islands can be seen in the context of increased investor dissatisfaction with board-level governance regimes for hedge funds, particularly institutional investors. International regulatory initiatives such as those from the International Organization of Securities Commissions (Iosco) and negative press have

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