CIMA · Regulated funds and their directors

Attesta for the Cayman Islands

Cayman regulated funds, the directors who sit on them and the managers who run them. Checks that used to be a yearly scramble are tested every day.

Confirm applicability during setup: which Act a fund is registered under, and which obligations the firm itself has chosen to apply, decide what is switched on.

Workflows in the current package

• AML programme, tested daily. CIMA's Rule on an Effective Compliance Programme is checked against each regulated fund every day: independence of the auditor, no more than two internal audit cycles in a row, the risk assessment and its triggers, training, and outsourced providers. A gap standing for 14 days is raised as a finding, and Compliance is reminded before a cycle falls due.
• Directors and DRLA. Each director records their Directors Registration and Licensing Act registration once. Attesta counts their covered entities, warns at 17 and again at 20 or more without a professional or corporate licence, warns of renewals, and dates the fund's yearly DRLA item from the earliest renewal on the board.
• Offering documents read, then checked. A PPM is read for the fund's auditor, legal advisers, year end and regime. The auditor is matched against CIMA's approved list; a change from the last confirmed PPM raises a 21-day filing for CIMA, and a person confirms each proposal.
• The calendar. CIMA's annual fee (15 January), the Registrar of Companies annual return and fee (31 January), audited accounts, the Fund Annual Return and CRS/FATCA items sit on one calendar, with the checklist read from what has been filed.
• Yearly declarations and fund policies. Directors declare their interests each year; valuation, conflicts, cybersecurity and AML policies are marked as evidence and go stale after two years unless reviewed.
• Every fund on one screen. Register checks list each Cayman fund with its standing, pre-filled from the last search.

Agree the scope before you start

• CIMA publishes no download or data feed for its register, so a registration check is recorded by a person after searching; Attesta lists what is due and keeps the result and date.
• Attesta does not file with CIMA or the Registrar. It tracks the deadline and keeps the filing reference and evidence.
• Private Funds Act funds are counted for director limits with a note to check whether they are covered; the approved-auditor list is a dated copy of CIMA's, and a stale list is flagged.
• Review periods, such as 30 days to file or 12 months for the risk assessment, are the firm's standard unless the Rule sets them; the product marks which is which.

See how the work comes together

Directors, fund administrators and Compliance work from the same record. A director sees their own fund checklist and registrations; Compliance sees every fund. Human decisions remain with the firm, and the audit trail records who confirmed what.

Coverage summary: November 2026. General workflow support does not imply every legal requirement, licence type or fund structure is supported.