Investment Funds Fees
The Mutual Funds Law requires mutual funds and mutual fund administrators to pay the prescribed application and renewal fees. The categories of fees that are payable are listed in the Table of Fees in the Mutual Funds (Fees) Regulations (2012 Revision). These regulations should be read in conjunction with the Mutual Funds (Fees) (Amendment) (No. 2) Regulations, 2012 and the Mutual Funds (Fees) (Amendment) (No. 3) Regulations, 2012, which list amended and new fees payable as of 15 January 2013 and 20 December 2012, respectively.
Annual fees are payable by 15 January each year.
Click here for the current Fee Schedule for investment entities and for all other CIMA-regulated entities.
Note: All fees quoted are in Cayman Islands Dollars (CI$). The conversion rate to be used for payment in United States Dollars (US$) is 0.82 (US$1.00 = CI$ 0.82).
Payment may be made by cheques and drafts drawn on local commercial banks, wire transfers, or International Money Orders (IMOs)/drafts and cheques drawn on US banks. (There is a 15-day processing period for all payments drawn on US Banks).
Cheques should be made payable to the Cayman Islands Government and remitted to:
The Cayman Islands Monetary Authority
PO Box 10052
80e Shedden Road
Grand Cayman KY1-1001