About the Regulatory Blog and our contributors
The Regulatory Blog is an informal and up to date news and information service of key regulatory developments in our jurisdictions: the BVI, the Cayman Islands, Anguilla, Bermuda, Cyprus, and Luxembourg. We intend to include the latest financial services, anti-money laundering, sanctions and related developments within our remit.
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Cayman Islands: Proposed changes in partnership and company fees takes effect from 1 January 2025
On 1 January 2025, fees for certain Cayman Islands legal entities will change. These entities include exempted limited partnerships, limited liability partnerships, companies, and limited liability companies.
12 Nov 2024
Cayman Islands joins FATF as guest member under new initiative
The Financial Action Task Force recently appointed the Cayman Islands and Senegal as the first guest members under its Regional Bodies' Guest Initiative. This programme, led by FATF President Elisa de Anda Madrazo, invites two to three guest countries from underrepresented regions to participate in FATF meetings and working groups for a year, enhancing global financial security perspectives.
07 Nov 2024
Cayman Islands launches public consultation on Beneficial Ownership Transparency Regulations
On 11 October 2024, the Cayman Islands Ministry of Financial Services and Commerce announced that it is seeking public feedback on two key regulations under the Beneficial Ownership Transparency Act, 2023.
22 Oct 2024
CIMA 2023 Annual Report highlights: Strengthening Cayman Islands financial services
On 12 September 2024, the Cayman Islands Monetary Authority (CIMA) released its 2023 Annual Report, highlighting significant achievements and future priorities for the Cayman Islands financial services sector.
30 Sep 2024
Cayman reissues Climate Change and Environmental Risks survey
On 3 June 2024, the Cayman Islands Monetary Authority reissued the Climate Change and Environmental-Related Risks survey to increase participation and improve response rates. Although the submission deadline has passed, we are sharing this notice for informational purposes.
05 Sep 2024
Cayman Islands: Market conduct guidelines for trust and corporate services providers and company managers
On 22 May 2024, the Cayman Islands Monetary Authority (CIMA) published to the official gazette the "Rule and Statement of Guidance" for Trust and Corporate Services Providers (TCSPs) and Company Managers.
12 Jun 2024
Cayman Islands regulatory framework for Virtual Asset Service Providers: Registration and Licensing Guidelines
The Cayman Islands Monetary Authority (CIMA) released its regulatory policy establishing criteria for approving the registration or licensing of virtual asset service providers (VASPs) as per the Virtual Asset (Service Providers) Act (VASP Act). This policy has been published in the official gazette on 15 May 2024.
30 May 2024
Update on audit waiver application process for Cayman Islands regulated funds
The Cayman Islands Monetary Authority has updated the process for submitting Audit Waiver applications for regulated funds through the Regulatory Enhanced Electronic Forms Submission portal. This enhancement allows for the complete processing of Audit Waiver applications within REEFS.
22 May 2024
Industry consultation: Enhancing beneficial ownership transparency in Cayman Islands
On 30 April 2024, the Cayman Islands Ministry of Financial Services and Commerce published a public consultation seeking feedback on the draft Beneficial Ownership Transparency Regulations, 2024, alongside accompanying guidance documents. These regulatory measures are designed to support transparency within legal entities operating in the Cayman Islands, aligning with international standards and best practices.
13 May 2024