Regulatory Blog

The Cayman Islands Exempted Limited Partnership Act (2025 Revision) represents the Cayman Islands' legislative framework for the establishment, governance, and operation of exempted limited partnerships. First introduced in 2014, it has undergone multiple amendments and consolidations to maintain its relevance and functionality, culminating in this comprehensive 2025 Revision. This Act serves as a critical pillar of the Islands’ legal infrastructure, fostering a robust and flexible environment tailored to the needs of investors, businesses, and financial institutions.

The Cayman Islands Mutual Funds Act (2025 Revision) serves as a comprehensive legislative framework governing mutual funds and their administration within the Cayman Islands. This revision streamlines the legal requirements, ensuring transparency, compliance, and the efficient regulation of both mutual funds and their administrative bodies. The Act is structured into several distinct parts, each addressing critical aspects of the governance and operation of mutual funds, while granting the Cayman Islands Monetary Authority robust powers to oversee and enforce compliance.

The Cayman Islands Insurance Law, 2010 (Law 32 of 2010), enacted by the Legislature of the Cayman Islands, establishes a comprehensive framework for the regulation and oversight of the insurance industry. The law seeks to modernise and refine the governance of insurance operations, ensuring the integrity, financial stability, and professionalism of industry participants. The legislation is structured into five key parts, each addressing crucial aspects of licensing, obligations, regulatory authority, and miscellaneous provisions, providing clarity and consistency in the regulation of both domestic and international insurance-related activities.

The Cayman Islands Companies Act (2025 Revision) offers a comprehensive framework for the regulation, governance, and administration of companies in the Cayman Islands. This updated version consolidates decades of statutory refinement, reflecting amendments, restructurings, and enhancements made up to 1 January 2025. Its provisions are designed to align with global regulatory standards, ensuring that the Act remains relevant to the evolving needs of the corporate landscape.

The Cayman Islands Securities Investment Business Act regulates securities investment business conducted in or from the Cayman Islands. Administered by the Cayman Islands Monetary Authority, the Act aims to ensure that securities-related activities are carried out by fit and proper persons under stringent supervisory standards. It applies to entities incorporated or registered in the Cayman Islands, including foreign entities with a local business presence. The Act also aligns with international regulatory frameworks, such as anti-money laundering and counter-terrorism financing measures.

The Cayman Islands Banks and Trust Companies Act (2025 Revision) serves as a comprehensive legal framework designed to regulate banking and trust activities within the Cayman Islands, ensuring consistency, transparency, and accountability in financial operations. Consolidating legislation dating back to 1989 and integrating subsequent amendments, including those made under the Law Revision Act (2020 Revision), this Act underscores the government’s commitment to maintaining a stable financial environment aligned with international standards. Officially revised and published as of 1 January 2025, it supersedes the 2021 Revision to accommodate recent legislative updates and industry developments.

The BVI Business Companies Act, Revised Edition 2020, stands as a foundational legal framework that governs the incorporation, administration, and operation of business entities within the British Virgin Islands. Enacted initially in 2004 and revised across various years, this comprehensive legislation consolidates prior enactments into a structured regulatory code. It embodies principles of flexibility, efficiency, and compliance, providing businesses with a regulatory environment conducive to global commerce.

The BVI Virtual Assets Service Providers Act, 2022 establishes a comprehensive framework for the registration, regulation, and supervision of Virtual Assets Service Providers. VASPA aims to ensure the integrity, security, and compliance of virtual asset transactions while addressing risks such as money laundering, terrorist financing and proliferation financing.

The BVI Financial Investigation Agency Act Revised Edition as of 1 January 2020, is a comprehensive legal framework that establishes and governs the Financial Investigation Agency, a statutory body charged with investigating and combating financial crimes within the Virgin Islands. Originally enacted through Act 19 of 2003 and coming into force on 1 April 2004, the Act has undergone several amendments to enhance its scope and efficacy, notably through Acts in 2007, 2008, 2013, 2015, and 2017 (plus the further amendments outlined in detail below).

The BVI Securities and Investment Business Act (Revised Edition as of 1 January 2020), known as “SIBA”, is a comprehensive legal framework established in the British Virgin Islands to govern the licensing, regulation, and oversight of investment business activities within and from the territory. This iteration of SIBA consolidates amendments made since its original enforcement in 2010, reflecting legislative updates up to 2019 (but note, an important amendment in 2023 – see below – is not yet consolidated). It outlines obligations for individuals and entities operating in investment sectors and ensures adherence to standards designed to promote financial integrity, investor protection, and market stability.

The BVI Banks and Trust Companies Act, revised as of 1 January 2020, continues to serve as a foundational legal instrument governing the licensing, regulation, and supervision of banking and trust operations within the BVI. This comprehensive legislation, known as the “BTCA”, remains pivotal in ensuring the sound management of financial entities, safeguarding stakeholder interests, and sustaining public confidence in the jurisdiction’s financial services sector. With subsequent amendments in 2022, 2023, and 2024, the Act demonstrates its adaptability in addressing emerging regulatory needs and aligning with global best practices.

The BVI Financial Services Commission Act, Revised Edition 2020, establishes a comprehensive framework for overseeing financial services within the BVI. It created the Financial Services Commission, an independent body tasked with regulating and supervising financial activities while promoting the territory’s reputation as a credible global finance centre. The Act provides the legal foundation for the FSC's structure, functions, enforcement powers, and financial provisions, ensuring a robust, transparent, and adaptable regulatory environment.