Regulatory Blog

The Cayman Islands Monetary Authority has introduced a limited-time Non-Compliant Directors' Amnesty Scheme, running from 16 September to 15 October 2025. This initiative allows eligible registered directors with over two years of unpaid fees (as of 31 August 2025) to settle outstanding annual fees and penalties at a discounted rate.

To ensure compliance and transparency, the Cayman Islands Monetary Authority recently published several updates to its regulatory measures. These updates are critical for licensees, private funds and mutual funds operating within the jurisdiction.

Effective 27 June 2025, the Cayman Islands Monetary Authority updated its Regulatory Handbook and Enforcement Manual.

The Cayman Islands Monetary Authority reinforced its commitment to the jurisdiction’s financial integrity through the recent issuance of several decision notices. These notices are the result of breaches of regulatory laws and requirements by various entities and individuals.

The Cayman Islands Monetary Authority updated the Virtual Asset Service Providers application form (APP 101-84-05) on the REEFS portal, effective 14 July 2025. These changes aim to streamline the registration, licensing, and waiver processes by adding new questions and clarifying document requirements, ensuring compliance with the Virtual Asset Service Provider Act (2024 Revision) and related regulations.

On 23 May 2025, the Cayman Islands Monetary Authority published its Regulatory Policy on the Registration or Licensing of Virtual Asset Service Providers in the Official Gazette. The policy aims to provide clarity, build market confidence, and align with international standards in virtual asset regulation.

The Cayman Islands Monetary Authority (CIMA) announced significant amendments to the Virtual Asset (Service Providers) Act (VASP Act), effective 1 April 2025. These changes introduce Phase Two of the VASP legislative framework, setting new obligations for Virtual Asset Service Providers (VASPs) operating in or from the Cayman Islands.

The Cayman Islands Monetary Authority (CIMA) recently issued a Warning Notice citing significant breaches of the Securities Investment Business Act (SIB Act) and other key regulations. This guide outlines the key breaches, proposed actions, and valuable lessons for financial entities to ensure compliance.

On 4 February 2025, the Cayman Islands published several revised financial and corporate laws to improve regulatory clarity, efficiency, and compliance. These updates impact businesses in company management, banking, and anti-money laundering frameworks.

On 10 January 2025, the Cayman Islands Monetary Authority published a circular reaffirming its dedication to enhancing the stability and resilience of the Cayman Islands’ financial sector. In today’s interconnected financial world, establishing a robust crisis management framework is essential for regulated entities, especially those of systemic importance.

The Cayman Islands Monetary Authority recently issued important updates regarding financial sanctions. These measures mandate that financial institutions evaluate their exposure to newly listed entities, freeze any relevant assets, and report their actions to the Reporting Authority.

Effective 1 January 2025, the Cayman Islands Monetary Authority and General Registry have implemented updated government fees for various services. Approved by Cayman Islands Parliament on 9 December 2024 after consultation with industry stakeholders, these changes include updates to fees that had remained unchanged for over a decade.