Quarterly Update

Caribbean Regulatory Update – Q2 2026

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10 April 2026

Quarterly Update

This Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter, including:

details of the implementation of the OECD’s CRS 2.0 and Crypto Asset Reporting framework;
beneficial ownership regime amendments, including in relation to legitimate interest access;
legislative changes for tokenised funds in the Cayman Islands; and
filing deadline and fee increase reminders.

See below for more details on the topics covered in this Update.

Key BVI Updates in Q2 2026

Legitimate interest access fully operational	CRS 2.20 in force
Economic substance guidance for VIRRGIN	Economic substance filing fees
BVI FSC Meet the Regulator Forums	BVI FIA Public Notice – DNFBPs
Industry circular – Ongoing CDD and transaction monitoring	Amendment to the Financial Services (Administrative Penalties) Regulations
Participating and reportable jurisdictions lists for CRS	BVI FSC Quarterly Newsletter Q1 2026
BVI FSC Annual Report 2024 & Strategic Work Plan 2026	Q4 2025 FSC Statistical Bulletin
Industry circular – Prudential return deadline	Mourant Guides and Updates
Mourant online AEOI compliance training

Key Cayman Updates in Q2 2026

CIMA Notice – Revisions to annual fees for mutual and private funds	Amendments to the beneficial ownership regime
Industry Advisory – System enhancements to company filings	Industry Advisory – Deadline extension for certain information to be filed under CRS 2.0
Participating and reportable jurisdictions lists for CRS	Legislative amendments for tokenised funds
Regulatory measures for VASPS	CIMA Notice – Importance of a Comprehensive Crisis Management Framework and CIMA’s Commitment to Implementation
CIMA publishes Thematic Review on Outsourcing	CIMA’s Regulatory Handbook – Enforcement Manual updated
Special Economic Zones (Amendment) Regulations	Industry Advisory – Deadline extended for registration under CARF
Proceeds of Crime (Amendment) Bill, 2026	Companies Act (2026 Revision) – Erratum
Mourant Guides and Updates	Mourant online AML and AEOI compliance training

For additional information or for any questions, please reach out to your usual Mourant contact or one of the key contacts provided on this page.

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This update is only intended to give a summary and general overview of the subject matter. It is not intended to be comprehensive and does not constitute, and should not be taken to be, legal advice. If you would like legal advice or further information on any issue raised by this update, please get in touch with one of your usual contacts. You can find out more about us and access our legal and regulatory notices at mourant.com. © 2026 MOURANT ALL RIGHTS RESERVED