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Now in a business as dependent on [[margin lending]] as is the [[Cayman Islands]]’ [[hedge fund]] industry, this is quite the intrusive bolt from the blue. The industry, and its professional advisers, rose up as one. “What,” they enquired, “on ''Earth'' do you think you are playing at?” | Now in a business as dependent on [[margin lending]] as is the [[Cayman Islands]]’ [[hedge fund]] industry, this is quite the intrusive bolt from the blue. The industry, and its professional advisers, rose up as one. “What,” they enquired, “on ''Earth'' do you think you are playing at?” | ||
Of course, this was not what [[CIMA]] meant at all. There followed a hasty “reverse ferret”. But in that fascinating way of modern life, wherein it will no longer do to just admit to a cock-up and fix it properly, websites were updated, correspondence reissued, and the guidance was ''clarified''. The offending sentence was deleted, hastily, you fancy, with some CIMA boxwallah standing over the | Of course, this was not what [[CIMA]] meant at all. There followed a hasty “reverse ferret”. But in that fascinating way of modern life, wherein it will no longer do to just admit to a cock-up and fix it properly, websites were updated, correspondence reissued, and the guidance was ''clarified''. The offending sentence was deleted, hastily, you fancy, with some CIMA boxwallah standing over the poor website editor’s desk, temple veins throbbing. | ||
“Fix it. ''Now''.” | “Fix it. ''Now''.” | ||
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“JUST PUBLISH THE GODDAMN THING OR SO HELP ME—” | “JUST PUBLISH THE GODDAMN THING OR SO HELP ME—” | ||
And so our embattled | And so our embattled webmaster accepts changes, saves down and uploads, with the offensive sentence removed, but a delicious tell-tale hint of the foregoing ruckus, though all would consign it to history’s oubliette if they could. | ||
:''{{helvetica|5.5. The overriding requirement of Rule 5.2 is that a Fund must ensure that none of its Service Providers use the Portfolio to finance their own or any other operations in any way'''.'''}}''<ref>Emphasis added.</ref> | :''{{helvetica|5.5. The overriding requirement of Rule 5.2 is that a Fund must ensure that none of its Service Providers use the Portfolio to finance their own or any other operations in any way'''.'''}}''<ref>Emphasis added.</ref> | ||