Bermuda on Fund Management/ REITs

Our investment funds team outline the latest developments within the investment funds market in Bermuda, addressing the recent statistics from Q2 2024 published by the Bermuda Monetary Authority (the "BMA").

Bermuda funds can request up to three-month extensions for June 30 filings due to unforeseen issues. The Amended Investment Funds Act imposes specific late fees for missed filing deadlines, capped at $1,000...

All authorised and registered Bermuda investments funds having a financial year end at December 31 should be finalising their annual filings with the Bermuda Monetary Authority, which are due by June 30.