Recent Lessons

Show all results for ""

Feature Overview

Ace your exams with our all-in-one platform for creating and sharing quizzes and tests.

Quizzes

Create quizzes and tests automatically from your content using AI.

Flashcards

Automatically turn your notes into digital flashcards.

Share, Export & Embed

Share with classmates or export to Excel and your learning management system.

Stats & Reporting

Auto-grading quizzes and tests with detailed stats and reports.

Mobile Apps

The smarter way to study – wherever you are.

Pricing Schools Business

Features Pricing Schools Business

12 Questions

1 Views

Session #5 - CIMA

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

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?

Individuals or entities that have completed the registration process with CIMA Signup and view all the answers

What is the key difference between Registered Persons and Licensees?

Licensees have obtained a license from CIMA to conduct securities investment business activities Signup and view all the answers

What is the regulatory framework that governs persons carrying on securities investment business in the Cayman Islands?

The Securities Investment Business Act Signup and view all the answers

What is the responsibility of CIMA according to the Monetary Authority Act and the Banks and Trust Companies Act?

Licensing and regulating banking and trust business in Cayman Islands. Signup and view all the answers

Under which Act does the sole development bank in the Cayman Islands operate?

Development Bank Act. Signup and view all the answers

What does the Companies Management Act give CIMA responsibility for regulating in the Cayman Islands?

Company management / corporate services business. Signup and view all the answers

What are the four categories of Regulated Mutual Funds as per the text?

Licensed Fund, Administered Fund, Registered Fund, Master Fund. Signup and view all the answers

What is the minimum initial subscription requirement for an Administered Fund operating in the Cayman Islands?

No minimum initial subscription requirement. Signup and view all the answers

Who are Master Funds typically designed for?

Sophisticated investors, including institutional investors and high-net-worth individuals. Signup and view all the answers