Changes to FAR Fees and Payments for CIMA-Registered Funds
On 31 December 2025, the Cayman Islands Monetary Authority (“CIMA”) posted an industry notice informing of certain amendments to fees and payments impacting CIMA-registered entities including Mutual Funds and Private Funds (“CIMA-Registered Funds”) effective 1 January 2026.
Fund operators and service providers should review the revised fee schedule and ensure that internal procedures are updated accordingly to facilitate timely and accurate payments under the new framework.
Key Changes:
The amendments include:
- Increase in FAR Fee
The annual Fund Annual Return (“FAR”) fee payable by CIMA-Registered Funds from CI$350 (US$365.85) to CI$450 (US$548.78). - Fee Consolidation
The FAR fee is now consolidated into the annual CIMA fee (the “Annual Fee”) payable by CIMA-Registered Funds.
Next Steps for Fund Managers:
Fund operators should take note of the following actions and anticipated communications in connection with the 2026 FAR fee:
- The 2026 FAR fee payable by CIMA-Registered Funds is due to CIMA by 15 February 2026. If payment is not made to CIMA by that date, CIMA will commence applying penalties on any outstanding amounts
- Where Waystone Corporate Services (Cayman) Ltd. is the registered office of your CIMA-Registered Fund(s), you will be receiving an additional invoice shortly for the revised 2026 FAR fee.
- Where another Cayman Islands corporate services provider is the registered office of your CIMA-Registered Fund(s), you can expect to receive an additional invoice from them for the revised 2026 FAR fee (if not received already).
If you have any questions regarding these changes, please reach out to your usual Waystone representatives or our Cayman Solutions team us via the link below.