The Cayman Islands Data Protection Law

The Cayman Islands Data Protection Law became effective September 30, 2019. The Cayman Islands Data Protection Law (“DPL”) applies to any investment advisor who provides investment advice to a Cayman Islands-domiciled hedge fund. The law makes investments advisors “data controllers” whereas Cayman Islands hedge funds are considered “data processors.” The practical effect of the DPL is that hedge funds must update their subscription agreement to include specific data privacy language that comports with the DPL. Under the DPL, hedge fund administrators are also required to include DPL-specific language in their administration agreement.

Trust our over twenty-five years’ experience in creating innovative fund solutions for our clients. Contact the hedge fund formation experts at Wabash Advisors to begin the process of starting your hedge fund today. Our knowledgeable and skilled professionals are happy to answer all of your questions. Call (213) 262-9112 for your free consultation or contact us here.

Leave Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes:

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>