Gazette amending-2024-0018 — Mutual Funds Act

Gazette

amending-2024-0018

Published

LG47/S9 —

s1Amends references to Parts in the Mutual Funds Act.

LG47/S9 —

s4Inserts subsection (11) requiring mutual funds to pay prescribed fees for registration and administrative services.

LG47/S9 —

s5Repeals paragraph (d) of section 5(1) and substitutes a new paragraph regarding non-refundable application fee and administrative service fees.

LG47/S9 —

s29Inserts subsection (2A) requiring mutual funds to submit returns with prescribed fees at specified intervals.

LG47/S9 —

s36Inserts new section 36A allowing the Cabinet to waive or reduce fees for certain persons in Cayman Brac or Little Cayman.

LG47/S9 —

s4Validates payment and collection of fees for administrative services and returns without statutory authority prior to the commencement of this Act.

LG47/S9 —

s9Provides that the application fee for a Mutual Fund Licence pending on the day immediately preceding commencement is refundable.