The Cayman Islands Monetary Authority announced it will withdraw its COVID-19-era allowance that let fund operators submit operator letters instead of notarised affidavits for registration and licensing applications under the Mutual Funds Law and Private Funds Law, effective 15 October 2025. From that date, CIMA will no longer accept operator letters as a substitute, and applications under the Mutual Funds Act (2025 Revision) and the Private Funds Act (2025 Revision) must include duly notarised affidavits in line with its standard requirements. The authority warned that failure to meet the legislative and regulatory requirements may delay application processing.
Cayman Islands Monetary Authority 2025-07-18
Cayman Islands Monetary Authority to require notarised affidavits again for mutual and private fund applications from 15 October 2025
The Cayman Islands Monetary Authority will withdraw its COVID-19-era allowance permitting fund operators to submit operator letters instead of notarised affidavits for registration and licensing applications under the Mutual Funds Law and Private Funds Law, effective 15 October 2025. Applications must include duly notarised affidavits per standard requirements, with non-compliance potentially delaying processing.