Questions and Answers
What is the main characteristic of a Limited Investor Fund?
Designed for a limited number of investors
What distinguishes Private Funds from other types of funds?
Not open to the public and have a limited number of investors
What are the two types of Mutual Fund Administrators mentioned?
Full Administrators and Restricted Administrators
Who are Registered Persons in the context of securities investment business?
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What is the key difference between Registered Persons and Licensees?
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What is the regulatory framework that governs persons carrying on securities investment business in the Cayman Islands?
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What is the responsibility of CIMA according to the Monetary Authority Act and the Banks and Trust Companies Act?
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Under which Act does the sole development bank in the Cayman Islands operate?
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What does the Companies Management Act give CIMA responsibility for regulating in the Cayman Islands?
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What are the four categories of Regulated Mutual Funds as per the text?
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What is the minimum initial subscription requirement for an Administered Fund operating in the Cayman Islands?
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Who are Master Funds typically designed for?
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