On 19 April 2021 the Cayman Islands Monetary Authority issued an industry notice regarding fund annual return (FAR) filings for private funds registered under the Private Funds Act (Revised) (private funds).

The notice confirms that the deadline for the first filing of audited accounts and the associated FAR form by all private funds has been extended to 30 September 2021. The notice also makes clear that private funds will not be subject to penalties for non-compliance with annual audit filing requirements prior to the revised deadline.

The extension relates only to the FAR forms for private funds. For the avoidance of doubt, FAR forms relating to open-ended mutual funds registered under the Mutual Funds Act (Revised) must still be filed within six months of the relevant financial year end.

For further information on this topic please contact Nick Rogers, Joanne Huckle, Justin Savage or Dave Sherwin at Ogier by telephone (+1 345 949 9876) or email ([email protected], [email protected], [email protected] or [email protected]). The Ogier website can be accessed at www.ogier.com.