Cayman Regulatory Update – Q1 2025

This Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter, including changes to the beneficial ownership regime, amendments to the virtual asset service providers legislation and updates to Cayman Islands General Registry and Monetary Authority fees.

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

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

Key Cayman Updates in Q1 2025

Annual Registry fees increased

Beneficial ownership – legitimate interest access and access restriction

CIMA fee increases for regulated funds

Further beneficial ownership amendments proposed

CIMA fee increases for securities investment business

Economic substance amendments to align with beneficial ownership changes

CIMA Industry Notice – 2024 and 2025 annual fee deadlines and penalties

DITC Updates Bulletin

Additional increases to Registry fees

CIMA Rule and Statement of Guidance – Market Conduct for Trust and Corporate Services Providers and Company Managers

Additional CIMA licence fee increases

Supervisory Circular – Complaints handling and Regulatory Expectations

Monetary Authority Act amendments

Supervisory Circular – Crisis management framework

FRA Advisory – Defence Against Money Laundering / Consent Regime

CIMA Regulatory Update

Virtual Asset (Service Providers) (Amendment) Act

Mourant Guides and Updates

CIMA regulatory measures for VASPs

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.