Private Funds (Fees) (Amendment) Regulations, 2025 (SL 70 of 2025)

Summary

This regulation amends the Private Funds (Fees) Regulations, 2024 by replacing the annual registration fee provision (regulation 4) for private funds registered under the Private Funds Act. It sets the base annual registration fee payable by a private fund at CI$4,125, with additional charges for certain fund structures. It was made by the Cabinet under section 31 of the Private Funds Act (2025 Revision) and published in the Legislation Gazette dated 19 December 2025.

The amendment adds extra fee components on top of the base fee, effectively restructuring the fee schedule to account for multi-vehicle and multi-portfolio fund structures rather than applying a single flat fee:

• Alternative investment vehicles: An additional $525 for each alternative investment vehicle associated with the fund.
• Segregated portfolios: An additional $525 for each segregated portfolio if the fund is a segregated portfolio company.
• Separate share/unit/interest classes: An additional $525 for each other class of shares, units or interests for which the fund maintains individually presented separate accounts.

The document applies to private funds registered with CIMA under the Private Funds Act, including those structured as segregated portfolio companies or maintaining alternative investment vehicles or separate accounts. It does not contain other substantive obligations beyond the fee amounts payable.

Key obligations

• Private funds must pay an annual registration fee of CI$4,125 under section 10(1) of the Private Funds Act.
• Private funds with one or more alternative investment vehicles must pay an additional CI$525 per alternative investment vehicle.
• Private funds that are segregated portfolio companies must pay an additional CI$525 per segregated portfolio.
• Private funds maintaining individually presented separate accounts for other classes of shares, units or interests must pay an additional CI$525 per separate account.

Applies to

private funds, segregated portfolio companies

Related documents

• This document amends Private Funds (Fees) Regulations, 2024
• This document is made under Private Funds Act (2025 Revision)