On June 22, the Cayman Islands Monetary Authority ("CIMA") told Reuters that it may make available more information about the 10,000 hedge funds licensed in its jurisdiction, although it disclosed very few specifics about the plan. CIMA said it could make available information such as a fund's investment manager, directors, auditors and administrator. However, it did not detail exactly what information it would disclose, how such information would be accessed or who would be able to access the information.
CIMA said it plans to consult the fund industry on the steps it will take and aims to make the information available towards the end of this year. CIMA, which earlier this month became a full member of IOSCO, currently only discloses a fund's license number, regulatory classification and date of authorization.
We will continue to monitor this development as additional details emerge.
Story: Cayman Proposes Greater Hedge Fund Disclosure, Reuters (June 23, 2009)
Related Press Release: Cayman Islands Monetary Authority Gains Full IOSCO Membership (June 10, 2009)