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(1) These Regulations may be cited as the Mutual Funds (EU Connected Fund (Alternative Investment Fund Managers Directive)) Regulations, 2016. (2) These Regulations shall come into force immediately after the Mutual Funds (Amendment) Law, 2015 comes into force.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_2\", \"num\": \"2.\", \"text\": \"Particulars to be submitted to Authority 2. An EU Connected Fund that is a regulated mutual fund, including an EU Connected Fund which has elected to be licensed or registered pursuant to section 22B of the Law, shall submit the following to the Authority \u2014 (a) the name of the Member State in which the marketing takes place, or is expected to take place; (b) the date on which such marketing commenced, or is expected to commence; (c) the name of the competent authority or authorities in the Member State in which the marketing takes place, or is expected to take place; Regulation 3 Mutual Funds (EU Connected Fund (Alternative Investment Fund Managers Directive)) Regulations, 2016 SL 70 of 2016 (d) the name and contact details of the EU Connected Fund\u2019s manager and country of authorisation; (e) a declaration that the EU Connected Fund is marketed in each Member State referred to in paragraph (a) in accordance with the laws in force in that Member State; and (f) a fee of one hundred Cayman Islands dollars.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_3\", \"num\": \"3.\", \"text\": \"Further particulars to be submitted to Authority 3. An EU Connected Fund that is not a regulated mutual fund shall submit the following to the Authority \u2014 (a) the name of the EU Connected Fund; (b) the type of fund, setting out why the EU Connected Fund is not required to be regulated; (c) the name and contact details of operators of the EU Connected Fund and its administrator; (d) the name and address of the EU Connected Fund\u2019s registered office; (e) the name and contact details of the EU Connected Fund\u2019s Cayman Islands legal counsel; (f) each name of each Member State in which the marketing takes place, or is expected to take place; (g) the date on which such marketing commenced, or is expected to commence; (h) each name of each competent authority in each corresponding Member State in which the marketing takes place, or is expected to take place; (i) the name and contact details of the EU Connected Fund\u2019s manager; (j) a declaration that the EU Connected Fund is marketed in each Member State in accordance with the laws and Regulations in force in the Member State; and (k) the fee of one hundred Cayman Islands dollars.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_4\", \"num\": \"4.\", \"text\": \"Notification 4. An EU Connected Fund shall \u2014 (a) notify the Authority within 21 days of the date upon which marketing ceased in all Member States; and (b) notify the Authority of any change made to the information provided pursuant to regulation 2 or regulation 3, as the case may be, within 21 days of the date of the change. Mutual Funds (EU Connected Fund (Alternative Investment Fund Managers Directive)) Regulations, 2016 Regulation 5 SL 70 of 2016\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_5\", \"num\": \"5.\", \"text\": \"Confirmation and declaration of status 5. Within six months after the date of the end of the financial year of an EU Connected Fund, an EU Connected Fund shall submit to the Authority, in the manner designated by the Authority \u2014 (a) written confirmation that the information in the notification filed pursuant to regulation 2 or regulation 3 has not changed; and (b) a declaration that the EU Connected Fund is being marketed in each Member State in accordance with the applicable laws of that Member State.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_6\", \"num\": \"6.\", \"text\": \"Compliance 6. An EU Connected Fund shall at all times when requested by the Authority provide the Authority with all information necessary for the Authority to be satisfied that the EU Connected Fund is being marketed in each Member State in accordance with the applicable laws of that Member State.\", \"element\": \"section\", \"heading\": null}, {\"eId\": \"sec_7\", \"num\": \"7.\", \"text\": \"Attestation 7. 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(Alternative Investment Fund\nManagers Directive)) Regulations, 2016\nArrangement of Regulations\n\nc\nSL 70 of 2016\nPage 3\n\nCAYMAN ISLANDS\n\nMutual Funds Law\nMUTUAL FUNDS (EU CONNECTED FUND\n(ALTERNATIVE INVESTMENT FUND\nMANAGERS DIRECTIVE)) REGULATIONS, 2016\n(SL 70 of 2016)\nArrangement of Regulations\nRegulation\nPage\n1.\nCitation and commencement .....................................................................................................5\n2.\nParticulars to be submitted to Authority ......................................................................................5\n3.\nFurther particulars to be submitted to Authority ..........................................................................6\n4.\nNotification .................................................................................................................................6\n5.\nConfirmation and declaration of status .......................................................................................7\n6.\nCompliance ...............................................................................................................................7\n7.\nAttestation .................................................................................................................................7\n8.\nOffence ......................................................................................................................................7\n\nMutual Funds (EU Connected Fund (Alternative Investment Fund\nManagers Directive)) Regulations, 2016\nRegulation 1\n\nc\nSL 70 of 2016\nPage 5\n\nCAYMAN ISLANDS\n\nMutual Funds Law\nMUTUAL FUNDS (EU CONNECTED FUND\n(ALTERNATIVE INVESTMENT FUND\nMANAGERS DIRECTIVE)) REGULATIONS, 2016\n(SL 70 of 2016)\nThe Cabinet, in exercise of the powers conferred by section 39 of the Mutual Funds Law\n(2015 Revision), makes the following Regulations \u2014\n1.\nCitation and commencement\n1.\n(1) These Regulations may be cited as the Mutual Funds (EU Connected Fund\n(Alternative Investment Fund Managers Directive)) Regulations, 2016.\n(2) These Regulations shall come into force immediately after the Mutual Funds\n(Amendment) Law, 2015 comes into force.\n2.\nParticulars to be submitted to Authority\n2.\nAn EU Connected Fund that is a regulated mutual fund, including an EU Connected\nFund which has elected to be licensed or registered pursuant to section 22B of the\nLaw, shall submit the following to the Authority \u2014\n(a)\nthe name of the Member State in which the marketing takes place, or is\nexpected to take place;\n(b) the date on which such marketing commenced, or is expected to\ncommence;\n(c)\nthe name of the competent authority or authorities in the Member State in\nwhich the marketing takes place, or is expected to take place;\n\nRegulation 3\nMutual Funds (EU Connected Fund (Alternative Investment Fund\nManagers Directive)) Regulations, 2016\n\nPage 6\nSL 70 of 2016\nc\n\n(d) the name and contact details of the EU Connected Fund\u2019s manager and\ncountry of authorisation;\n(e)\na declaration that the EU Connected Fund is marketed in each Member\nState referred to in paragraph (a) in accordance with the laws in force in\nthat Member State; and\n(f)\na fee of one hundred Cayman Islands dollars.\n3.\nFurther particulars to be submitted to Authority\n3.\nAn EU Connected Fund that is not a regulated mutual fund shall submit the\nfollowing to the Authority \u2014\n(a)\nthe name of the EU Connected Fund;\n(b) the type of fund, setting out why the EU Connected Fund is not required\nto be regulated;\n(c)\nthe name and contact details of operators of the EU Connected Fund and\nits administrator;\n(d) the name and address of the EU Connected Fund\u2019s registered office;\n(e)\nthe name and contact details of the EU Connected Fund\u2019s Cayman\nIslands legal counsel;\n(f)\neach name of each Member State in which the marketing takes place, or\nis expected to take place;\n(g) the date on which such marketing commenced, or is expected to\ncommence;\n(h) each name of each competent authority in each corresponding Member\nState in which the marketing takes place, or is expected to take place;\n(i)\nthe name and contact details of the EU Connected Fund\u2019s manager;\n(j)\na declaration that the EU Connected Fund is marketed in each Member\nState in accordance with the laws and Regulations in force in the\nMember State; and\n(k) the fee of one hundred Cayman Islands dollars.\n4.\nNotification\n4.\nAn EU Connected Fund shall \u2014\n(a)\nnotify the Authority within 21 days of the date upon which marketing\nceased in all Member States; and\n(b) notify the Authority of any change made to the information provided\npursuant to regulation 2 or regulation 3, as the case may be, within 21\ndays of the date of the change.\n\nMutual Funds (EU Connected Fund (Alternative Investment Fund\nManagers Directive)) Regulations, 2016\nRegulation 5\n\nc\nSL 70 of 2016\nPage 7\n\n5.\nConfirmation and declaration of status\n5.\nWithin six months after the date of the end of the financial year of an EU Connected\nFund, an EU Connected Fund shall submit to the Authority, in the manner\ndesignated by the Authority \u2014\n(a)\nwritten confirmation that the information in the notification filed\npursuant to regulation 2 or regulation 3 has not changed; and\n(b) a declaration that the EU Connected Fund is being marketed in each\nMember State in accordance with the applicable laws of that Member\nState.\n6.\nCompliance\n6.\nAn EU Connected Fund shall at all times when requested by the Authority provide\nthe Authority with all information necessary for the Authority to be satisfied that the\nEU Connected Fund is being marketed in each Member State in accordance with the\napplicable laws of that Member State.\n7.\nAttestation\n7.\nAn EU Connected Fund that requests from the Authority an attestation or\nconfirmation of status pursuant to section 22G of the Law shall submit to the\nAuthority \u2014\n(a)\nwritten confirmation that the information provided pursuant to regulation\n2 or 3, as the case may be, has not changed; and\n(b) a fee of eight hundred Cayman Islands dollars.\n8.\nOffence\n8.\nAn EU Connected Fund which fails to comply with regulations 2, 3 or 4 commits an\noffence and is liable on conviction to a fine of five thousand dollars.\nMade in Cabinet the 13th day of December, 2016.\nKim Bullings\nClerk of the Cabinet.","akn_extracted_at":"2026-06-22 15:39:22.552207+00","cms_id":"2016-0070","law_type":"subordinate","year":"2016","number":"70","title":"Mutual Funds (EU Connected Fund (Alternative Investment Fund Managers Directive)) Regulations","status":"in_force"},"provenance":{"files":[{"file_id":"5774","expr_id":"653","kind":"akn_xml","filename":"2016-0070_SL 70 of 2016.akn.xml","source_url":null,"storage_path":"\/Users\/q\/kyleg-data\/working\/SUBORDINATE\/2016\/2016-0070\/2016-0070_SL 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