The following information relates to the enactment of The Insurance (Portfolio Insurance Companies)
Regulations, 2015 and the commencement of related sections of The Insurance (Amendment)
Law 2013. The changes permit licensed insurers established as segregated portfolio companies
to incorporate one or more of their cells as “portfolio insurance companies”.
The Cayman Islands Monetary Authority (the
"Authority") has recently issued a new Statement of Guidance for Regulated
Mutual Funds, in which it sets out the Authority's expectations regarding the
corporate governance regime of regulated mutual funds. We set out details of
the Authority's guidance and expectations. Read more...
AB Jnr & Another v MB & Others was a significant decision of the Financial Services Division of the Grand Court of the Cayman Islands, relating to a Trust Deed, dated 21 November 1985. The weighty judgment of Hon. Anthony Smellie, CJ, at some 204 pages, follows an In Camera hearing taking place over the course of a 9 week period, between April and June 2012.