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Industry Updates

CIMA's Statement of Guidance on Corporate Governance for Regulated Mutual Funds: The Maples Fiduciary Solution

13 Feb 2014

With the release of the Cayman Islands Monetary Authority's ("CIMA") Statement of Guidance - Corporate Governance for Regulated Mutual Funds ("SOG") on 13 January 2014, fund operators have clear guidelines concerning practices that may be considered necessary by CIMA for the "fit and proper" governance of a Regulated Mutual Fund. Much of what CIMA has recommended is consistent with the leading corporate governance practices offered by Maples Fiduciary.

A key area of focus for CIMA’s SOG revolves around the need for the operator of a Regulated Mutual Fund to ensure that a full, accurate and clear written record of each meeting is kept. Our services directly support operators of Regulated Mutual Funds in carrying out their oversight and monitoring responsibilities in line with CIMA's expectations. These services can be tailored to the needs of any regulated or unregulated mutual fund.

Maples Fiduciary has dedicated board support and company secretarial teams based in the Cayman Islands and Dublin consisting of qualified and experienced company secretarial professionals and support staff, delivering a service that is responsive, consistent and client-focused.

Our core service includes the provision of meeting facilities, including boardrooms and telephonic conferencing support, board meeting organisation and support, including arranging service provider participation, preparation and distribution of meeting materials, the documenting of meetings, including minutes and matters arising, and communicating or completing post-meeting actions.