Regulatory Alerts2017-11-03
Cayman Islands Monetary Authority Cancels Mutual Fund Registrations for Titan Volatility Funds
The Cayman Islands Monetary Authority has cancelled the mutual fund registrations for Titan Volatility Fund Offshore Ltd. and Titan Volatility Fund L.P. under Section 30(16) of the Mutual Funds Law. The regulatory body determined that both funds failed to submit required audited accounts for the years 2010 through 2016 and neglected to pay corresponding annual registration fees and penalties. Consequently, the funds ceased carrying on business as mutual funds and became non-compliant with statutory termination requirements, making the cancellation effective as of 31 October 2017.
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