New related fund entities (RFE) form due 31 October

The Cayman Islands Monetary Authority (CIMA) has just released another form to capture certain information about each private fund’s related fund entities, called the RFE form, which must be completed by private funds.

This form is due by 31 October 2021 for private funds with a financial year end up to 31 March 2021. Similarly, to the FAR form, in subsequent years it will be due within six months of the private fund’s financial year end.

A related fund entity  is an entity established by or on behalf of the promoter of the private fund which may account for certain regulatory, tax and other structuring needs of one or more groups of persons, which itself may not meet the definition of a private fund, and includes a parallel fund, an alternative investment vehicle or a co-investment vehicle. Holding vehicles, aggregators, proprietary vehicles and any other non-fund arrangements are not intended to be captured in the RFE form.

The RFE form can be found on CIMA’s REEFS online portal and the guide can be found on CIMA’s website here.

CIMA’s Notice can be found here.