Fund Referred Reporting Engagement Group (FRREG)

The Cayman Islands Monetary Authority (CIMA) has determined that local auditor sign-off is required on all types of entities, regulated by CIMA, including mutual funds domiciled in the Cayman Islands.

The Mutual Fund policy document can be downloaded from CIMA's website and was effective for years ending on or after July 1, 2002.

The policy was introduced to allow for more effective discharge of the obligations that are placed on auditors under the Mutual Funds Law and to enable a more efficient interface with the Authority.

We have created a dedicated group to deal with the requirments as it pertains to mutual funds.

For more information in respect of the requirements and process, please contact us.