On 7 July 2020, the Cayman Islands Government amended the Private Funds Law, 2020 (the “PFL”), changing the definition of a ‘private fund’ both to clarify the position for certain entity types and to extend its scope to additional entities.
Read the full article from Maples Group here: https://maples.com/Knowledge-Centre/Industry-Updates/2020/07/Amendments-to-the-Cayman-Islands-Private-Funds-Law-2020