Caribbean Regulatory Update – Q4 2023

This Regulatory Update provides a snapshot of the key legal developments in the BVI and the Cayman Islands over the last quarter – including updates from the BVI FSC, details of upcoming changes to the Cayman beneficial ownership regime, an update on Cayman’s progress with the FATF and new regulatory measures for regulated Cayman funds.

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

Key BVI Updates in Q4 2023

General Licence [No.04], 2023 – Maintenance of economic resources

BVI FSC Newsletter: October 2023

Expiry of General Licence [No.03] – Payment of reasonable professional legal fees and expenses

BVI FSC introducing Webinar Newsletters

BVI FSC Meet the Regulator Forum

Mourant Guides and Updates

Q2 2023 BVI FSC Statistical Bulletin

Key Cayman Updates in Q4 2023

Cayman’s progress with the FATF

Changes to CSX CUSIP-ISIN fees

CIMA regulatory measures effective 14 October

Supervisory circular – Review of TCSPs AMLR Compliance – Sanctions Screening

Revised AML Guidance Notes

Latest edition of The Anchor

Proceeds of Crime (Amendment) Act, 2023 gazetted

Rule and Statement of Guidance for licensees conducting the business of company management

Beneficial Ownership Transparency Bill gazetted

Companies (Amendment of Schedule 4) Order 2023

Update: CIMA regulated fund filings

Mourant Guides and Updates

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.