The Cayman Islands Monetary Authority’s (CIMA’s) new rule on corporate governance for regulated entities comes into effect on 14 October 2023. The rule will apply to all CIMA-regulated entities, including mutual and private funds. It provides that an entity’s corporate governance framework should appropriately correspond to the size, complexity, structure, nature of business and risk profile of its operations.
News Source：【Conyers 2023/09】