Regulatory Blog

On 9 February 2026, the Cayman Islands Government published three legislative instruments: the Mutual Funds Bill, Private Funds Bill, and Virtual Asset Bill. These were created to answer a number of pressing questions arising from tokenised investment funds and to establish a clear and reliable regulatory framework for tokenised investment funds.

On 18 February 2026, the Luxembourg Registration Duty, Estate and VAT Authority issued an important reminder for all Reserved Alternative Investment Funds. In its capacity, as the supervisory authority for AML/CFT matters, the AED requires the timely submission of the annual RC report for the year 2025.

On 4 February 2026, the Cayman Islands Monetary Authority published a notice to assist stakeholders in interpreting the revised fees for regulated mutual funds and private funds, effective 1 January 2026. These updates follow CIMA's earlier notice on 31 December 2025, which outlined broader fee adjustments across financial services to align with international standards and enhance administrative efficiency.

On 13 February 2026, the Cayman Islands Monetary Authority extended the deadline for settling outstanding balances related to revised annual fees for regulated mutual and private funds.

On 19 January 2026, the Cyprus Securities and Exchange Commission issued Circular C751, providing guidance to regulated entities on obligations under the Digital Operational Resilience Act. Key points include:

On 26 January 2026, Luxembourg’s Directorate of Registration, Estates and VAT (AED) issued Circular No. 792 quater, setting out AML/CFT identification and verification obligations for professionals under its supervision and replacing Circular 792 ter of 28 July 2025.

On 15 January 2026, the European Commission announced a significant initiative: a comprehensive review of the European Venture Capital Fund Regulation. This marks the third time the European Commission revisited this pivotal regulation since its initial adoption in 2013, signalling a continued commitment to refining the mechanisms that drive capital to Europe’s most innovative enterprises.

The Cayman Islands Exempted Limited Partnership Act (2025 Revision) represents the Cayman Islands' legislative framework for the establishment, governance, and operation of exempted limited partnerships. First introduced in 2014, it has undergone multiple amendments and consolidations to maintain its relevance and functionality, culminating in this comprehensive 2025 Revision. This Act serves as a critical pillar of the Islands’ legal infrastructure, fostering a robust and flexible environment tailored to the needs of investors, businesses, and financial institutions.

The Cayman Islands Private Funds Act (2025 Revision) serves as a comprehensive legal framework governing the regulation, registration, and supervision of private funds in the Cayman Islands. It establishes clear guidelines to ensure transparency, accountability, and compliance in the operations of these funds, thereby promoting investor protection and maintaining the jurisdiction's reputation as a leading global financial centre.

The Bermuda Investment Funds Act 2006 serves as a comprehensive legislative framework governing the establishment, operation, and regulation of investment funds within Bermuda. This Act, which has undergone several amendments to adapt to evolving financial landscapes, is pivotal in ensuring the integrity, transparency, and efficiency of Bermuda's investment fund industry. It is structured into multiple parts, each addressing specific aspects of fund management, administration, and oversight.

The BVI Limited Partnership Act, Revised Edition 2020, provides a robust framework for the establishment, regulation, and operations of limited partnerships in the British Virgin Islands. Serving as the foundation of law for these business entities, the LPA addresses essential components such as registration, governance, partner roles, financial records, and the mechanisms of both dissolution and restoration. Originally introduced in 2017 and revised in 2019, the legislation has consistently emphasised structural clarity, operational flexibility, and adherence to regional and international compliance standards.

The Cayman Islands Mutual Funds Act (2025 Revision) serves as a comprehensive legislative framework governing mutual funds and their administration within the Cayman Islands. This revision streamlines the legal requirements, ensuring transparency, compliance, and the efficient regulation of both mutual funds and their administrative bodies. The Act is structured into several distinct parts, each addressing critical aspects of the governance and operation of mutual funds, while granting the Cayman Islands Monetary Authority robust powers to oversee and enforce compliance.