Cayman Regulatory Update – Q3 2024
Quarterly Update
Quarterly Update
Our latest Regulatory Update provides a snapshot of the key legal developments in the Cayman Islands over the last quarter – including CRS reporting reminders, amendments to AML legislation and recently issued regulatory measures from CIMA.
See below for more details on the topics covered in this Update.
Key Cayman Updates in Q3 2024
CRS reporting reminders
Industry Notice – Audit Waivers for regulated funds
Reportable and participating jurisdictions for CRS
Official Liquidators fees increased
AML Regulations amended
General license – Legal services
Proceeds of Crime Act amendments delayed
Update to economic substance notifications and returns
Regulatory Policy for VASPs
CIMA Climate Survey Circular
CIMA Rule and Statement of Guidance – Market Conduct for TCSPs and Company Managers
CIMA REEFS user experience survey
CIMA Regulatory Update
Perpetuities (Amendment) Bill
Fees increased for local companies
Mourant Guides and Updates
CIMA AML/CFT Newsletter
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.
Contact
Craig Luton
Hector Robinson KC
James Broad
Sara Galletly
Consulting Services
Corporate and M&A
Economic Substance
International Trusts and Private Client
Investment Funds
Regulatory and Governance
Ready to take the next step? Let’s talk.
Send our team a message and we’ll be back in touch with you.